H OME VALUESH OW   DO YOU KNOW IF THE PRICE IS RIGHT ?
W HO   SETS VALUES ?Seller             Appraiser                 CMAAssessor
H OW   ARE THEY SET
TAX    ASSESSMENT   P ROPERTY IN ALASKA IS REQUIRED    TO BE ASSESSED ( VALUED FOR TAX    PURPOSES ) AT FAIR MARKET VALUE .
CMA   U SUALLY FOR THE SELLER   R ECENT SALES   S IMILAR PROPERTIES
A PPRAISER R ECENT SALES C OST APPROACH
S ELLERS   W HAT THEY PAID   I MPROVEMENTS   W HAT THEY OWE   L ICENSEE   PARENTS , SIBLINGS , AND NEIGHBORS   W HAT...
B UYERS   W HAT THEY C AN A FFORD   I MPROVEMENTS NEEDED   PARENTS , SIBLINGS , AND    NEIGHBORS O PINION   TAX A SSES...
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Home values

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A discussion on how home values are set. Originally designed for Consumers, it is an explaination of the process.

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  • An assessment should be about the same amount as what the owner believes the property would sell for in the open real estate market. (As 29.45.110)
  • Competitive Market Analysis(sometimes buyers get these too.) Through tools available through the MLS (Multiple Listing Service)
  • Works for the LenderUsually paid for by the Seller in Alaska, Outside is commonly paid by buyer
  • CMA
  • Home values

    1. 1. H OME VALUESH OW DO YOU KNOW IF THE PRICE IS RIGHT ?
    2. 2. W HO SETS VALUES ?Seller Appraiser CMAAssessor
    3. 3. H OW ARE THEY SET
    4. 4. TAX ASSESSMENT P ROPERTY IN ALASKA IS REQUIRED TO BE ASSESSED ( VALUED FOR TAX PURPOSES ) AT FAIR MARKET VALUE .
    5. 5. CMA U SUALLY FOR THE SELLER R ECENT SALES S IMILAR PROPERTIES
    6. 6. A PPRAISER R ECENT SALES C OST APPROACH
    7. 7. S ELLERS W HAT THEY PAID I MPROVEMENTS W HAT THEY OWE L ICENSEE PARENTS , SIBLINGS , AND NEIGHBORS W HAT NEIGHBORS HOUSE SOLD FOR .
    8. 8. B UYERS W HAT THEY C AN A FFORD I MPROVEMENTS NEEDED PARENTS , SIBLINGS , AND NEIGHBORS O PINION TAX A SSESMENT O THER H OMES S OLD / FOR S ALE

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