We are constantly asked about fair market values of homes vs. assessed home values. It’s on everyone’s mind when they are thinking of buying or selling a home. Interestingly enough, it seems to be something that comes up in conversation with every realtor and their clients. Bill Gassett posted an interesting article on this topic:
As a Massachusetts Realtor who has been around the block a few times, I often come across things that are written and said by other Realtors that just want to make me scratch my head in disbelief.
All this head scratching could partially explain why I started to lose my hair at such an early age!
One of the biggest myths in Real Estate at least in Massachusetts is a homes assessed value having a correlation to it’s present market value.