Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
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 9 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Mack Lev
  • Missouri City, TX
1
Votes |
18
Posts

Determining the actual value of a house and due diligence?

Mack Lev
  • Missouri City, TX
Posted

Alright so I'm in love with the idea of buying property at a severely discounted rate through online auctions. The opportunities seem endless. But Im confused on a number of things.

1)How do you determine the actual value of the house?

-I know sites like zillow and truila exist but i feel like those aren't exact. And I don't want to contact a realtor everytime to find out the exact value but I'm not sure if thats the norm (Im still a novice at this). And if i do have to contact a realtor for exact figures do I have to use one for that area or can I just use someone I already know locally?

2) When doing your due diligence what do you look for? And are all liens wiped out through the foreclosure?

- I know checking the county website will tell you alot but is there anything else I should look out for? Again these online auctions are for properties out of state so I would have to be calling the shots from afar. Im willing to make trips if needed but the idea is not too, if thats possible .And my primary strategy is to sell as is. Since the property was already severely discounted why bother with fix up? Get in get out is my strategy.

Again thanks for all comments, opinions and suggestions, and advice.

-Mack

Loading replies...