As we review some of the next Amherst NH tax revaluations, we note that many seem lower than true market value.

We believe these valuations are done using all market comparables, including distressed properties that include bank foreclosures, auctioned properties and short sales.  

We do not include distressed properties in determining market value unless they present a clear pattern in a particular neighborhood.

For example, if a home had a market value in 2006 of $600,000, it would not be unusual to see that value today around $400-450,000.   Now let's assume we have a neighborhood of like homes all valued around $450,000 and one of them is foreclosed and the bank sells it for $370,000.  That doesn't mean all of the homes in that neighborhood are now worth $370,000; it means there was a distressed property that was sold at a discount.  In many cases these foreclosed properties have serious condition deficiencies as well.

Buyers and sellers today need to rely on the expertise of licensed appraisers and active Amherst NH Realtors that know the local market in determining true market value.  This would be true if you were buying an Amherst NH home or selling an Amherst NH home.

Call the Rene Brin team of experts today for questions on all Amherst NH real estate .Want to sell your Amherst NH home ?  Call for a free Amherst NH market analysis if you are thinking of selling your Amherst NH home.