It's pretty much the same thing. When I take loans on a property, I always argue for a higher value. When I pay taxes on it, I always dispute for a lower number. It's the same thing for selling.
When you go the bank for a loan, the bank themselves will check the property and assess if it can be sold for that value if you default. They don't just take whatever figure you give them. If they can not get that value back on your loan (and banks are generally VERY conservative about this value), then either something shifted majorly in the market or they had a very bad assessor on their part.
It's pretty much the same thing. When I take loans on a property, I always argue for a higher value. When I pay taxes on it, I always dispute for a lower number. It's the same thing for selling.
When you go the bank for a loan, the bank themselves will check the property and assess if it can be sold for that value if you default. They don't just take whatever figure you give them. If they can not get that value back on your loan (and banks are generally VERY conservative about this value), then either something shifted majorly in the market or they had a very bad assessor on their part.