Added: 3 years ago
From: fredsed1983
Views: 850
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  • Yes the bank can deny your offer and yes I am in Orange County. My direct # is 949-274-3733....call me anytime and I can go over in detail in about 5-10 minutes all the types of properties and what the "sellers" can do with your offer.

  • Hey Fred, i have a question... i am looking to purchase a home in orange county, CA. How are current home prices assessed for taxes? Is it the short-sale price or through an home assessor? Also, who determines the prices of the home on online websites? If i offer them their asking price, is it likely the bank will approve?

    Thanks

  • @rawimpact Thanks for your question. Assessments are generally based on the recent purchase price of the home or if it has not been sold in quite some time, they base it off current market value. Here is the breakdown for listing prices: *Short Sales: Set by the listing agent and seller...*Bank Owned: Set by the bank...*Equity Seller: Set by the seller. The short sale listing price has nothing to do with the assessor.

  • @fredsed1983 Thanks for the quick reply Fred. So if i pay the asking price set by the seller and his agent, can the lender to whom the seller owes still deny my offer? BTW. are you in orange county, california? If so, i may be calling you soon about a property.

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