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Flylady · 08-28-2007, 10:09 PM

I am courious, with the current real estate market slowdown and the lack of liquity for generating new mortgages, does anyone here believe that they may see some property values declining? If someone buys lake property today and it sold for less than the assessed value from a year ago, would the buyer expect the assessment to beloweredtot the sale amount? What if your propery value goes down? Can you request it to be reassessed? Has anyone had a similar experience?

08-28-2007, 10:09 PM	#13
Flylady Senior Member Join Date: Apr 2006 Location: So. California & Lakes Region Posts: 256 Thanks: 225 Thanked 106 Times in 61 Posts	Property Values I am courious, with the current real estate market slowdown and the lack of liquity for generating new mortgages, does anyone here believe that they may see some property values declining? If someone buys lake property today and it sold for less than the assessed value from a year ago, would the buyer expect the assessment to beloweredtot the sale amount? What if your propery value goes down? Can you request it to be reassessed? Has anyone had a similar experience?