Your property tax value is low. I’m Eric Peterson, Owner of Kopa Real Estate. I have good news and bad news depending on how you look at it. Just before you received your 2022 property tax assessment, we already sold a house for $268,000 more the 2022 assessment. To put it in perspective that’s a 38% increase over the 2022 value and we have another home under contract for 42% over the 2022 tax value…and we are only in the first week of April.

That means 3 important things to you right now.

#1. Here’s the good news. Your home is worth a lot more than the tax value and more than you think. If your first thought when you opened your notice of value is that you could never sell your home for that much you will be surprised. Chances are you can sell it for much more than your tax value and more than you ever imagined it could be worth. If you’d like to know what your home can sell for in today’s market go to KopaValue.com.

#2. Here’s the bad news. Your tax market value will increase significantly again next year. You have to remember the sales data that was used to establish your home’s value was from 2021, not this year. By this time next year, you will be receiving another notice based on the 2022 sales which are already up 10% over the end of 2021.

#3. In my opinion you would be out of your mind to sell your home “off market” based on the tax value to an individual or hire a real estate agent from one of the big box brokers who is only going to advertise your home to the agents at their office. Considering these market conditions, you should demand to work with someone whose marketing plan will fully expose your home to ALL THE BUYERS AND ALL THE AGENTS, not just a few of my friends. What some agents are doing to sellers in our area is the equivalent of holding an auction and only inviting my sister. That’s great for the big box broker, but given the current market conditions that’s terrible for you and the money you are leaving on the table.

Whenever you’re ready to talk about what your home can sell for in today’s market go to  KopaValue.com or call/text me directly at512-791-7473.

                                                          

If you're planning to sell in 2022, now is the best time to attend our Free Home Selling Workshops. If you want to attend a workshop, get in touch with us and we will notify you when they are scheduled. As always you can check KopaWorkshop.com to see dates and times of our in-person and online Free Home Selling Workshops. For years home sellers have told me they benefited from attending our events. Sign up at KopaWorkshop.com.

KopaWorkshop.com

                                                          

The information on this page may have changed since we first published it. We give great real estate advice, but this page (and the rest of our site) is for informational use only and is no substitute for actual real estate, legal and financial advice. If you’d like to establish a Broker-client relationship, reach out to us and we’ll tell you how we can make it official. Sending us an email or reading this page alone doesn’t mean we represent you.

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