Great assessment, J!

So, IMO, Your offer on any property should be based on your due diligence, never an asking price or an assessment made for the seller.

Are there any assessments in the works?

It could be a number of things, including (but certainly not limited to) * Loss of a job * Illness * ARM adjustment * Property tax hike * DivorceIn any case, you first need to compile and assess what the most compelling reasons for hardship are.

I believe it is worth while because investors are faced with these kinds of decisions every day and it its beneficial to deal with them assessing the facts, not with one liners or opinions based on inaccurate information or even worse an ulterior motive.

Check the Search Suggestion Tool to assess the number of searches conducted for those terms in the previous month.

It might be interesting to look at that site, but I would never rely on the values there for any true assessment.

How about just using the tax assessed value?

Previous assessments on the property's came in at $430K and $440K.I am not sure where my Seller got his numbers from as far as $430k and $440K.The actual assessments according to the tax records are $237,800.00 and $242,000.00.The Seller wants 650K for both properties combined.

Like you, Charles, I always have a good grasp of what my personal balance sheet looks like -- to me, this is much more interesting than my business balance sheet, as the business balance sheet treats some assets in a way that aren't useful for assessing my financial situation (for example, using market value of the assets as opposed to basis).Plus, my lender requires us to do a personal balance sheet every year, which forces us to break things down to the penny as well...