Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago on . Most recent reply

User Stats

155
Posts
2
Votes
Jason Schmidt
2
Votes |
155
Posts

Purchase Price and Value - who to trust?

Jason Schmidt
Posted

I want to seriously start doing some searching for properties, and have been told I need to really consider keeping the purchase price around 70% of the value. BUT - the question is this: who to trust? I'll start with my house for example:

the appraisal district website shows our house at nearly $119k. Zillow.com shows us at $138k. It is 4bdrm/2.5 bath, 2050 sq ft 2 story home built in 2004.

There are 3 houses in our area with comparable sizing and stats between 114-134k.

So the question is, who/what do I trust? There is like a 25k spread here, and I just don't know what to be looking at.

Loading replies...