Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 Landlording & Rental Properties
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 3 years ago,

User Stats

29
Posts
5
Votes
Adonis Yancey
5
Votes |
29
Posts

Property Appraiser Website Question

Adonis Yancey
Posted

So I'm looking into a duplex that I'm interested in purchasing so therefore I check my county's appraisers site to get some information to help in my evaluation. I had a few questions about what I saw on the site concerning the property so I reach out to an agent from the appraisers office. The agent was able to tell me that the Total Market Value of the property was $200,930 for the 2021 Tax year. The breakdown is that the improvement value is $120,043 and the land value is $80,887 which adds up to $200,930. This information was also on the website. I asked the agent does it make sense to pay more than the Total Market Value that they have on the site. He said that he wont be surprised if the owner asks for 300k for the property. So my question to you guys is can the information on the property appraisers website concerning the Total Market Value be trusted and If so should I be willing to pay more than the amount that they have listed? If so how much more should I be willing to pay? Is there a range? If the Value is truly $200k I'm not sure that paying upwards to 300k would be a good idea but please help me understand. Thanks. 

Loading replies...