Florida Housing Market

[David Jackson]

So i am from Maryland and looking to move to Florida. On zillow i see tax assessments of properties listed at 1.6m are like 900k. Is that common or is it the prices are way too high right now? Is it wise to buy a house in FL or should i try something in Virginia? I am just trying to get out of maryland. 

[Nick Schlabach]

David, every county appraiser will use a different formula for finding the tax appraised value. Here in Sarasota, if you have the opportunity to purchase a property at tax appraised value, you jump on it every time. I would advise you to give an agent or two a call in your target market and pick their brain. See if they've had any issues with properties appraising when financing is involved, etc.