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Updated over 4 years ago on . Most recent reply
Using county appraisals in property analysis
I am generally just curious on how people use county property appraisals to help asses whether they are getting a good deal on a property or not.
For example, I found a property on the MLS running at 220k, but the county appraisal for that property is at 197k.
I know other things go into analysis, but I am just curious:
- If this would mean the seller is simply asking to much for their property?
- What are your next steps. Would you get it privately appraised to see if there is a difference?
- Would you use this county appraisal as a possible offer number to the seller?
Thank you!