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Updated over 3 years ago,
Should I buy a property that’s over its market value?
Hello fellow bigger pockets members, so i’ve been on the hunt for my first rental property for a few months now. I spoke with a real estate agent and he’s offered to sell me a duplex that he and a partner own for $150,000. My issue is that I’ve found out recently that the market value of the property is $76,000 according to my local county website. I feel like at 50% above market price I would be paying too much for the property. If the numbers work out for me should it matter?