Winnipesaukee Forum - View Single Post - entire Laconia Board of Assessors quits over Vision Appraisal's valuations

BroadHopper · 12-03-2010, 08:55 AM

Last year my property was assessed for $235,000. This year it was assessed for $184,500. A drop of $50,500! I called Vision and they never return my call. I called twice and no response.

I called an independent appraisal campany and they believe Vision use the latest selling price to determine the evaluation. The unit next to me was sold for $184,500. Only because the owner committed suicide and the probate court issue a 'short sale'. Last summer, a similar unit was sold for $210,000.

I was also told this is the 'sign of the times'. Foreclosures, short sales and estate sales will bring evaluation down. Right now apprasal companies are swamped with bank appraisals and it looks like it will settle in a couple of more years. At most 5 years as ARM mortgages wiil mature after the maximum 7 years.

The long story short. Don't expect a 'return on your investment for another 5 years.

12-03-2010, 08:55 AM	#12
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,522 Thanks: 3,129 Thanked 1,090 Times in 784 Posts	Not happy with assessment Last year my property was assessed for $235,000. This year it was assessed for $184,500. A drop of $50,500! I called Vision and they never return my call. I called twice and no response. I called an independent appraisal campany and they believe Vision use the latest selling price to determine the evaluation. The unit next to me was sold for $184,500. Only because the owner committed suicide and the probate court issue a 'short sale'. Last summer, a similar unit was sold for $210,000. I was also told this is the 'sign of the times'. Foreclosures, short sales and estate sales will bring evaluation down. Right now apprasal companies are swamped with bank appraisals and it looks like it will settle in a couple of more years. At most 5 years as ARM mortgages wiil mature after the maximum 7 years. The long story short. Don't expect a 'return on your investment for another 5 years. __________________ Someday may never be an actual day.