# Homeowners please read **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [September 25, 2011, 5:01pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594 "2011-09-25T17:01:26Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [September 25, 2011, 5:01pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/1 "2011-09-25T17:01:26Z")
Hey guys, my G/F and I are looking to buy a house. We found one hell of a deal on a short sale. The house is amazing and is listed for ~140000 less than it was assessed at when it was new. The problem is the taxes for the house at what it was assessed at are 10k a year. Insane i know. So what i wanna know is how likely it is for us to successfully grieve the taxes due to the house being worth significantly less. ---
**Author:** ![love4boost](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/love4boost/32/6658_2.png) [@love4boost](https://forums.speedlife.net/u/love4boost)\ **Post date:** [September 25, 2011, 5:04pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/2 "2011-09-25T17:04:12Z")
if the taxes are too much for you now DONT buy the house… Your not going to get the taxes reduced, the only reduction you can get is the “star” program… It lowers your school taxes I believe… Just gotta go to the town hall and register. ---
**Author:** ![RocketPunch](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rocketpunch/32/6429_2.png) [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)\ **Post date:** [September 25, 2011, 5:09pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/3 "2011-09-25T17:09:52Z")
Not real estate expert. How much was the house assessed for and how much is it selling now? I “think” it will be reassessed to reflect its current value and your tax will be adjusted. ---
**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\ **Post date:** [September 25, 2011, 5:10pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/4 "2011-09-25T17:10:25Z")
> [@Official: "Anyone else sick?" thread.](https://forums.speedlife.net/t/official-anyone-else-sick-thread/20782/134): > > Hey guys, my G/F and I are looking to buy a house. We found one hell of a deal on a short sale. The house is amazing and is listed for ~140000 less than it was assessed at when it was new. The problem is the taxes for the house at what it was assessed at are 10k a year. Insane i know. So what i wanna know is how likely it is for us to successfully grieve the taxes due to the house being worth significantly less. Only way you’d possibly be able to lower the taxes is by getting the house reassessed. I don’t know how you’d go about it, but the only people I’d take advice from on here for real estate questions would be Jammer, JClark, and Boost Creep. They’re most likely the most knowledgeable and experienced in the matter. ---
**Author:** ![Mk4\_30R\_Ban](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mk4_30r_ban/32/6347_2.png) [@Mk4\_30R\_Ban](https://forums.speedlife.net/u/Mk4_30R_Ban)\ **Post date:** [September 25, 2011, 5:18pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/5 "2011-09-25T17:18:32Z")
> [@HAWT CAR...](https://forums.speedlife.net/t/hawt-car/45644/20): > > Only way you’d possibly be able to lower the taxes is by getting the house reassessed. I don’t know how you’d go about it, but the only people I’d take advice from on here for real estate questions would be Jammer, JClark, and Boost Creep. They’re most likely the most knowledgeable and experienced in the matter. dont forget clairfbeeIII, he works for keller williams. ---
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [September 25, 2011, 5:19pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/6 "2011-09-25T17:19:57Z")
The house was assessed are 385k its for sale @ 269k and has been for a while. Thanks for the input guys. Cossey I will keep that in mind. ---
**Author:** ![KillerBlackbird](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/killerblackbird/32/6525_2.png) [@KillerBlackbird](https://forums.speedlife.net/u/KillerBlackbird)\ **Post date:** [September 25, 2011, 5:21pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/7 "2011-09-25T17:21:56Z")
Out of curiosity, how much land is with that? ---
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [September 25, 2011, 5:22pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/8 "2011-09-25T17:22:30Z")
1.61 acres ---
**Author:** ![Boxersix](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxersix/32/6327_2.png) [@Boxersix](https://forums.speedlife.net/u/Boxersix)\ **Post date:** [September 25, 2011, 5:25pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/9 "2011-09-25T17:25:31Z")
Grieving taxes I think is all county based IIRC, and the dates and how it should be done are set forth by such. I would look into that though first. The problem with the short sale is the bank has the final say over the sale of the property and closings can take a VERY long time, often longer than the actual approval time of the buyers loan amount. Just be cautious and know exactly what you’re getting into when making an offer on that home 🙂 Oh and as Chris said, talk to one of those guys he listed. All know their shit in this line of business very well ---
**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\ **Post date:** [September 25, 2011, 5:29pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/10 "2011-09-25T17:29:33Z")
And this reminds me my school taxes are do at the end of the month… FML. ---
**Author:** ![offroadzj](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/offroadzj/32/6428_2.png) [@offroadzj](https://forums.speedlife.net/u/offroadzj)\ **Post date:** [September 25, 2011, 5:33pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/11 "2011-09-25T17:33:49Z")
as far as I know it will be reassessed during the purchase. And the county MAY adjust the taxes for the market value of the house. But don’t expect it. We still have to do that for the house we just got… keep forgetting though. lol ---
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [September 25, 2011, 5:34pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/12 "2011-09-25T17:34:00Z")
Yep I’m calling the town tomorrow to pick their brain about it. We just looked at the house tonight it needs some minor shit but is only 4 years old so everything major is mint. I def will look into how long my approval is good for and luckily I’m renting so I don’t need to sell a house b4 which actually gives me an advantage because the selling bank knows I can get right in there. I’ve heard good things through the Realtor that the bank that currently owns the house is very motivated so we"ll see. ---
**Author:** ![97cavy](https://avatars.discourse-cdn.com/v4/letter/9/c5a1d2/32.png) [@97cavy](https://forums.speedlife.net/u/97cavy)\ **Post date:** [September 25, 2011, 5:34pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/13 "2011-09-25T17:34:22Z")
I just paid the school taxes, property taxes, sewer and water bills. FMAsshole ---
**Author:** ![usmc2801](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/usmc2801/32/6387_2.png) [@usmc2801](https://forums.speedlife.net/u/usmc2801)\ **Post date:** [September 25, 2011, 5:42pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/14 "2011-09-25T17:42:18Z")
I’m glad all my taxes are included in our mortgage payment! Makes life so much easier LOL ---
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [September 25, 2011, 5:46pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/15 "2011-09-25T17:46:21Z")
> [@FS: Campbell Hausfeld 20Gal compressor.](https://forums.speedlife.net/t/fs-campbell-hausfeld-20gal-compressor/45312/8): > > I’m glad all my taxes are included in our mortgage payment! Makes life so much easier LOL ESCRO FTW ---
**Author:** ![sbardy](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@sbardy](https://forums.speedlife.net/u/sbardy)\ **Post date:** [September 25, 2011, 5:50pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/16 "2011-09-25T17:50:08Z")
10k taxes for a 385k assessed house isn’t bad… It’s called the real world… If you want to live in a new neighborhood, your going to pay. What county? ---
**Author:** ![offroadzj](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/offroadzj/32/6428_2.png) [@offroadzj](https://forums.speedlife.net/u/offroadzj)\ **Post date:** [September 25, 2011, 6:10pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/17 "2011-09-25T18:10:59Z")
Yes… escrow FTW! Also, know that a short sale is a LOOOOOONG drawn out process. I know quite a few people that went months before they finally closed (talk to usmc2801 about that one… lol). So don’t expect to be in there anytime soon. ---
**Author:** ![usmc2801](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/usmc2801/32/6387_2.png) [@usmc2801](https://forums.speedlife.net/u/usmc2801)\ **Post date:** [September 25, 2011, 6:15pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/18 "2011-09-25T18:15:24Z")
Yes, there is NOTHING short about a short sale LOL ---
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [September 25, 2011, 6:32pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/19 "2011-09-25T18:32:09Z")
> [@生日快乐 Zong](https://forums.speedlife.net/t/zong/45651/4): > > 10k taxes for a 385k assessed house isn’t bad… It’s called the real world… If you want to live in a new neighborhood, your going to pay. What county? I understand but the house isn’t worth anywhere near that anymore. ---
**Author:** ![sbardy](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@sbardy](https://forums.speedlife.net/u/sbardy)\ **Post date:** [September 25, 2011, 6:58pm UTC](https://forums.speedlife.net/t/homeowners-please-read/260594/20 "2011-09-25T18:58:57Z")
> [@wtb:honda spark plug tool](https://forums.speedlife.net/t/wtb-honda-spark-plug-tool/45630/5): > > I understand but the house isn’t worth anywhere near that anymore. You gotta play to pay, that ram would look sick in the driveway… [Next page](https://forums.speedlife.net/t/homeowners-please-read/260594.md?page=2)