I have heard looking at the counties prior years tax appraisal for the value of the home, is a good way to see what the home is worth.
My Realtor (the old, set in his ways, know it all kind of guy) stated not to look at those at all, they are completely wrong.
I have found that they seem to be within the market market value of the house, maybe even a little under.
I would really appreciate advise on this. I live in Austin TX.
Thanks=)
Here in Indiana they can be used as a rough guide but they vary wildly. People down the street just paid 149 for their house and it’s assessed at 210 !
Basically the numbers are a poor substitute for actual sales figures IMO.
Thank you,
Do you know where I can find closer values?
Depending on your state, they are a matter of public record - that is, sales prices are reported to the county or whatever. A google search indicates Texas may still treat them as private, which means the only way to get them is probably thru a real estate agent, and they don’t like giving out info unless there’s a deal in it for them…
gosh Darn the hard luck! He gives me Comp reports, but I hate to make an offer, without knowing the value of the house.
Around here, they’re basically a rough guide, they don’t always reflect the condition of the house. If you get it for under assessed value, that’s great, if you’re paying more, the condition should warrant it. Typically people who have owned for a long while tend to have lower assessments than something that was sold recently. That may just be a refection of condition though. Also some citys and towns vary in their assessements. Some are close to 100% for the whole city, others seem to just do about 40-50% of value. As long as your comps are in the same town you should be ok.
Good comp reports should be able to get you a good approximate value. Remeber though it’s the seller that determines the price, you just make your offer.
Thank you =)