According to The Nest, “Fair market value is a better guide to asking price than assessed value. The National Association of Realtors recommends that once you get a good FMV, you set the asking price 1 to 3 percent higher.”
According to other sources such as inman, assessments can be irrelevant due to the real estate market moving faster than the tax assessor.
How Much Is My House Worth?
Get a free home value estimate by using our home value estimator. Our estimator will tell you how much your home is worth, and what other homes are selling for in your local neighborhood. Results are a non-specific, system-generated valuation, which is for broad estimation purposes only. The consumer should request a custom market analysis (CMA), for an accurate valuation, as the conclusions may vary drastically.
Buy or Sell a Luxury Home in the Phoenix Valley
Are you trying to buy or sell your luxury home in Phoenix Historic, Scottsdale, Paradise Valley, or Arcadia? Best of Luxury Homes can help. From listings and negotiations to showings and paperwork, we are here for you every step of the way.
