In an effort to help you, we have created this page to answer any questions you may have in regards to Massachusetts Real Estate, including Local Town and Neighborhood Information, Housing Trends, Mortgage Information, MA Real Estate Laws, School Reports, Home Improvement, Taxes and Assessments or anything else you might want to know.

 

A home buyer in Needham and Wellesley recently asked:  "We have seen quite a few houses listed significantly above 2009 assessment. How does this factor in to, if at all, the appraisal for the bank loan? Are you seeing appraisals come in under selling price? Is the assessment a negotiating point for offers in Needham or has the market remained "hot" enough to ignore assessed values?

 
The Walsh Team answered:
Assessments have always been and still are all over the board. For that reason we are still seeing some homes selling over and under assessed. Appraisers put most of their stock in comparable recent sales. We have seen some potential sales not appraise in this market and price adjustments are needed to get financing. Appraisers are being very strict in this market climate. 

 

 

 

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