<p>for this question, there does not seem to be an objective standard that one can use to report this number (only “reasonable”); the instructions explicitly state to not use “assessed , insured, or tax value”.</p>
<p>OK.</p>
<p>I SEE that we are in a SEVERE DOWNTICK IN REAL ESTATE VALUES. Therefore, I THINK, I FEEL, I BELIEVE my house is worth, AT BEST only a few thousand dollars more than I bought it 20 years ago. Moreover, It has not been kept up, and they have implemented a train whistle law that would scare away all my potential buyers.</p>
<p>What bells would go off in this scenario, if any?</p>
<p>I see that there is a question on your original purchase price, I think. Do they make AN ASSUMED rate of increase from that original number that they then compare to your stated home value number? If so, why ask, ‘what is your home’s value?’</p>
<p>If this is really an FA killer of a question, this seems rather subjective.</p>