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<blockquote data-quote="MrFedEx" data-source="post: 2442704" data-attributes="member: 12508"><p>Assessed value is not market value, but you're not smart enough to know that. Most homes in my neighborhood go for way above assessed value. A recent listing at $825,000 brought multiple offers. The winning offer was $1.2M.</p><p></p><p>I bought <em>my </em>house 30 years ago for peanuts because it was a run-down home in an upscale community. Through lots of sweat equity, and the desirability of the area, I now live in an area I couldn't have possibly afforded, except through hard work and following the concept of location, location, location. I put over $150,000 into fixing it up, which were the things I couldn't do like foundation and plumbing.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 2442704, member: 12508"] Assessed value is not market value, but you're not smart enough to know that. Most homes in my neighborhood go for way above assessed value. A recent listing at $825,000 brought multiple offers. The winning offer was $1.2M. I bought [I]my [/I]house 30 years ago for peanuts because it was a run-down home in an upscale community. Through lots of sweat equity, and the desirability of the area, I now live in an area I couldn't have possibly afforded, except through hard work and following the concept of location, location, location. I put over $150,000 into fixing it up, which were the things I couldn't do like foundation and plumbing. [/QUOTE]
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