AboutConnie Wildasinn-Broker,RealtorŪ Expertise Broker, RealtorŪ, Investor since 1979. Buying or Selling Residential and Income/Investment Properties, How to understand the process, how to negotiate through the transaction, What to Look for - But more importantly 'What to lookout for!', How to tell if the time is right - or hold on and wait. Why not to listen to your friends and even your family members, Who really has your best interst at heart?. Understand why any market is a good market and how to spot a good investment for you!
Experience 4th generation realtor in the real estate business, I have over 2 decades of helping clients buy and sell, I am the owner of a local brokerage in the Los Angeles/Long Beach area, and have been a top producing agent in the area since I became licensed. Working through a deal is different to every client, no two people or deals are exactly the same. Knowing how to bring professional advise to the table with clear and concise understanding of real estate world. I can help you handle your buying, selling and investing, managing a 1031 Exchange, working with Equity Sales, Probate, Pre-Foreclosure Regular and Short Sales there is little that I have not seen come across my desk over the decades!
Organizations NAR
CAR
WCR
ABR
e-Pro
BKBIA
CHNA
Publications Broker Agent Magazine
Long Beach Business Journal
Long Beach Press Telegram
Signal Hill Tribune
Grunion Gazette
All Experts
Zillow - Lead Agent
Education/Credentials Broker-owner
RealtorŪ
Awards and Honors Opened up Independant Brokerage WGA in 2006, currently employ 30 Realtors and growing.
10 years running top selling agent in Long Beach, South Bay area California.
Top Producer 5 years straight Re/Max, C21, Realtyworld.
Question Heres some information on what my home was acessed at and what it was purchased for, If i got ripped off, is there something I could do about it?
You can copy and paste the link below to your broswer or just look at the pasted info further below it.
Property Features Financial History
Single Family Residence
Year Built: 2007
4 Bedrooms
4.50 Bathrooms
Approximately 4,049 Sq Ft
Lot size: 7,840.8 Sq Ft
Stories: 2
Rooms: 10
County: Clark
Heating type: Heating & Cooling
Heating detail: Forced Air
Roof type: Tile
Parking: Attached Garage
Source: Public Records Last sold for $480,000 on 10/10/2008
Last assessed at $87,500 on 2008
Previous sales
$480,000 on 10/10/2008
Previous assessments
$87,500 on 2008
$87,500 on 2007
$78,750 on 2006
Source: Public Records
Answer Hi Richie,
Without all the details of your purchase, I will try to answer this question...
You are showing me the 'county' assessor's information for the $87,500 in 2008? then stating that you paid $480,000 for the property?
I do sales in California, but in some respects we are very similar...the county records will take into effect and pull from a variety of deeds to AVERAGE the analysis...
I assume you had an appraisal done at the time of your purchase? you did not pay cash and waive that right?
My best advise to you is to go back and review the appraisal document... just because a property transferred in the same county as your home will not automatically put the price in the same arena... there are many reasons why one home sells for one one price and another for a much different price... the low assessors rolls could be quit claim deeds, where one spouse deeds over to the other ... say in diverse or parent to child transfer ... the county could be very large and have very diverse neighborhoods that span widely in price and value ... so a as you can see these numbers from the county assessor will not necessarily be a current market value in direct relationship to your property ...
When you purchase a home, you have a loan and an appraisal done on the property to assure you that you are paying fair market value.. and the bank wants to make sure they are lending on fair market value... not an over inflated price that will foreclose due to fraud in a few months...
I know this answer is a little vague.. you will need to contact your realtor, the appraiser and lender to make sure your best interest was looked out for...
But just on a first impression of this deal... you paid full market value for your property, to pay $300,000 over market value would have to be fraud... and I find it hard to believe that you would have looked through properties available in the neighborhood and found this one to purchase at $480,000 if homes in the neighborhood were selling for $87,500.. something here is just not lining up...
