market value?

[Tyler S.]

I have a house im going to look at and court records show that the property is worth 125000. My seller said it appraised at 168000 recently. He has made a lot of improvements to it. Should I take his word or go off of 125000? And if he is right about the 168000, how can i be sure he is telling the truth without using my own appraiser? My intentions are to wholesale the property.

[Steve L.]

The Seller is almost always going to have an optimistic approach on what a property is worth! You can ask for a copy of his appraisal, but if he paid for an appraiser to value a property it is probably not something I'd trust 100%.

By Court Records I would assume you mean assessed value, which also means very little.

Market Value is determined by what other comparable properties sold for most recently in as close of a proximity as possible. You need access to the MLS or a title companies system to be able to search based on criteria. So that is where I would start.