Appraisal Value vs, Real Value

[Mark Turner]

Hi, I'm new here as a poster, but a frequent reader of the posts and newsletter. A great place for information.

I am looking at a property that potentially looks like a good opportunity if the price is right. However, the the sell price is significantly over the current town assessment (here in NY assessments are annual and at 100%). So, I must consider that when seeking financing.

My question is simple...when evaluating a investment purchase...how do you handle the current assessment in your evaluation?