Property Assessment

[kani-lehua]

quote:

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Originally posted by John S. Rabi

quote:

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Originally posted by kani-lehua

okay. let me apologize in advance again! this is in regards to a "trust" property (my aunt's) that was sold in 2001. when it was "assessed" (sorry, don't recall the actual amount), our realtor told us to put it on the market for 5% above the assessed value. we got six offers well above the asking price and "sold" it in one day. my question: is that how the "market value" is computed? and who determines the value, the realtor or the county? i know there was an analysis done regarding similiar houses that had sold in the area and it turned out that the amount we were asking was comparable to those. the "market value" is not shown on the assessment for o'ahu.

malia paha o lohe aku

perhaps they will hear

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You most likely hired a scumbag to sell your property![}]

Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"

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no, john. she's not a scumbag. she works at century21. the amount that we listed the aforementioned property for or the "5% + the assessed value"= the market value or came pretty darn close to the other properties that were either selling or sold at the time. frankly, i would never have paid that much for the home. i think what really sold it was the location not the price.

malia paha o lohe aku

perhaps they will hear