(03-19-2024, 08:48 PM)Sneakers Wrote:

(03-19-2024, 08:04 PM)mikesez Wrote: Teach me then, oh wise one.

A daunting challenge to be sure, but, hey, I'm feeling magnanimous today (ironically due to a real estate transaction), so here goes.

First of all, do you understand what a distress sale is, and how that status affects price and marketability?

Sure. The price goes down. 

So what? Boo hoo.  

The justice system has no problem locking a guy up for a week on pretrial detention and causing him to lose his job in the process.  Why should it care about a billionaire getting a good price on one of his golf courses?

He could have put a property on the market right when his legal troubles started.

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(03-19-2024, 07:38 PM)StroudCrowd1 Wrote:

(03-19-2024, 07:32 PM)mikesez Wrote: Did you see Palm Beach County's?!

You may be confusing assessed value with appraised value.

For a non homestead property, those are supposed to be nearly equal.  Assessments are allowed to increase up to 10% per year in FL if the tax man can justify it with comps.

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