Re: Your Ideas on buying this commercial property?

Re: Your Ideas on buying this commercial property? by Nicole (PA) on July 2, 2012 @18:33

zillow is useless on values - it's only good for comps on properties sold/currently listed. don't know anything about eppraisal. when was the last assessment? if it was in the past two years, take the assessment times the common level ratio for that county and that will get you closer to what the value should be. I'd say if it sold for $195 10 years ago, it's probably only worth $195 today.

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Re: Your Ideas on buying this commercial property? by Anonymous on July 3, 2012 @10:29	[ Reply ]

"if it was in the past two years, take the assessment times the common level ratio for that county and that will get you closer to what the value should be. I'd say if it sold for $195 10 years ago, it's probably only worth $195 today." This advice is not true or correct for the counties in my state. There is a vast and large difference in values of homes depending on the zip code, city and location of the property. Counties and contain a very large area so I have to disagree with this advice. Next what you bought 10 years ago in one area may be worth less or more depends on the exact area.