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Reply to "Preparing for an appraisal"
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[quote=Anonymous]Zillow, Redfin, & others are based on tax assessments as a formula for prediction of an estimate. Redfin gives a low, mid, and high... but all three are wrong in my neighborhood in MD. You will know this if you life in a rowhouse or townhouse neighborhood and your neighbor's house is the same model, same features as yours and it's "estimates" are less than yours. Don't forget, tax assessments can be inaccurate... it's moronic to think the assessors have that all right. OP, it *could* benefit you to protest the assessment and have it raised. Recent SALES, updates and/or renovations, location, and tax assessments should all be taken into account. In an urban location, especially a changing one, new restaurants & goods/services can also raise an assessment. OP if there are new retail/restaurants opening in your neighborhood point this out to the assessor... let them know the location is important & why.[/quote]
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