Make sure there are no big increases to the water usage rates coming soon from the water department or special assessments.

I am looking a property that is assessed by the county at a lower price than the seller is selling the property.1.

im running comps on on the property and the taxes check out but what she wants and what the estimated values is way off. county records assess the value as $134700. not zillow and trulia numbers are way off from each other and the county records value. zillows at $187143 an trulia is at $151400.my comps are coming in lower than what she's asking for which is 187,649. she said a realtor has helped her come up with this number. the price is negotiable but I doubt she will move much.does anyone think this is a deal worth working.

Hi AllI am thinking of transferring ownership of a property from one entity to another.Is it true that IRS will definitely NOT accept government assessed value for a property?

@Andrew Olson You probably need someone local whom you trust to take a look at the property and give you a real assessment of the condition and the area if you are not familiar with the area.

Thomas, I totally agree in regards to where you live.Keep in mind, my advise and assessment may be area specific.

But I was wondering what less not-so-always obvious and subltle things might trigger the need for a permit that might be easily overlooked when assessing a home rehab?

Does that account for major event like significant tenant damage, a special assessement by the HOA or a lengthy eviction?

If you want a formal assessment of the value of the property, then you are talking about an appraisal done by a licensed real estate appraiser.Since appraisals are expensive and BPOs are free or fairly cheap, I would contact at least 3 agents in the area you are looking at and get an opinion from each and see where they meet.

Not a lawyer and could be wrong, but I think you may want to research a bit as I believe in Florida HOAs are allowed to demand tenant pay rent directly to them until assessments are up-to-date (not sure how that would work being it's a payment in advance to begin with so technically not late, I would think), or they can actually demand eviction.