As you know when evaluating a property to purchase the most expensive part of the monthly payment is the taxes. Knowing what the tax amount is vital in making a decision. So how do you get this tax information? When an agent is preparing a listing ready for sale they research the tax amount and input into the Multiple Listing Service.
The problem is the taxes are many times inputted incorrectly. It’s so true. Case in point. See the picture in this blog post. This was taken from a recent listing I did some research on for a client listed by another real estate agency. Notice the taxes are $4,621? The actual taxes are $3,985. That $636.00 difference could make or break the life that would have changed as a result of owning this particular home.
Whether it’s preparing a home to list or helping a buyer buy, we make very sure what the taxes are accurate, so that there is no “sticker shock” half way into the purchase or unnecessarily passing on a home the buyer “thinks” is $50 a month more than they can pay. The moral of the story is IF you don’t work with an agency committed to this type of attention to detail then be prepared to calculate the taxes yourself.