Market Value vs. Tax Assessed Value

Tax (Assessed) Value is the estimated sales of a home in 2013, updated every 5 years.

Market Value is the estimated price of a home compared to other properties around it.

Home owners and real estate licensees may use the values placed on their properties from the Montgomery County Tax Assessors Office to arrive at the present value of their real estate.    Statements from this office were mailed to owners of real estate in this county around the middle of June, 2014.   This information came on a small card approximately 3 x 5 inches.      These values were arrived at by using market value of similar properties sold in 2013.     The previous property values were arrived at from 2009 sales comparisons.    This will be the same assessed value for the next 5 years.        

Many home owners think this new value is the amount their real estate went up in one year.    The value placed on the property this year is a reflection of the increase in value over the last 5 years.  

The best price your house will bring today is arrived at by looking at similar properties that have sold since Jan. 1, 2014 (market value). 

~Chuck Padgett 

Know Your Worth

Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. ~ Steve Jobs 

Know your worth. Your ideas and your opinions are of value to you and you alone. Career choices and educaction decisions get you to where you are at today. Ask yourself if you are where you want to be. Are you doing what you want to be doing or are you conforming to the ideas and opinions of others? 

Deciding for yourself what you want to do is your decision and yours alone. Sure you need to consider your family in your decision but turn to them for support and validation. Look into all your options. Do you want to work for yourself or for others? Are you a team player or do you like doing things on your own? 
Entreprenuer or employee? 

Thesaurus's list broker as a synonym to entrepreneur. Other synonyms include: agent, business person, financier, go-between, interagent, mediator, and negotiator. There are several other's listed, but definitely wanted to highlight the many words of and or relating to a broker/entrepreneur. Apparently the real estate industry has many avenues into being in business for yourself. Become a broker and manage a firm. Becoming an agent you will work under the umbrella fo the broker but you're still in business for yourself. Finding buyers and sellers is your business. Deciding if you are going to work commercial or residential is your business. When the the process starts and you have contacts now, you become the business person, you mediate, you negotiate... business, business, business.

Self-evaluation, self-understanding, knowing and or figuring out where you fit in, in the the real estate economy. Know your worth. 

CREES admin. 
BLY

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