There are many questions
to ask before purchasing a home. First find out how much the assessed
value of the home is. For example in Michigan the assessed value is
about 50% of the market value.
So, if you have
a house that is assessed at $50,000 the seller could ask $100,000 for
that property, if it's more than that you could negotiate the asking
price. And to find out more go to your local assessors office and they
will be more than happy to help you with any property in their area.
