Property Appraisal after Hurricane Harvey

[Erica Williams]

Hello,

I am considering purchasing a condominium in Houston, Texas-Harris County. On the company's website it stated the property was not affected by Hurricane Harvey. However, the property faces Braes Bayou. 
Also, I logged unto the Harris County Tax Assessors Office the property appraised for $24,500.00 with no liens. They are selling the condo for $52, 900.00 owner finance with $3,500.00 down. Is this a good deal, steal, or neither?
Do they have the right to sell the property at that amount? 

[Robert Freeborn]

Respectfully, is this your first purchase?

Working in both insurance and looking at investments, I've never seen the county numbers match up with the actual value of the home.

That said, the market will bare what it will bare, and a owner can sell for whatever they want. If someone wants to buy it... well, that's your new comp...