What you need to know about ASSESSED VALUE

Today’s real estate investing word is assessed value.

Assessed value is how much money the bank will give you for a specific property.

Assessed value is based on the appraiser and inspector’s view of the property. The appraiser will go out and check out the property. They’ll give a specific value on it, which may or may not be the tax value. 

Most likely the assessed value is a different value under the tax value on older houses.

Based on the appraised value is  how much the banks will lend.  They usually have a set amount, whether it’s 75 or 90 percent, or yo will need to pay additional fees.  It will depend on the bank and the type of loans they are trying to get.

Make sure you go to DFWTOP.com/words if you want to download 22 Real Estate Investing Terms you need to know. It’ll help you as a new real estate investor sound like a pro.