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Answers (3)
- John King, "John_King"
- Contributions:425
I'd get a pro's opinion on the value.
Using a buyer's agent, their fee is paid for by the listing agent in most cases. They'll look at recent sales, in similar size,conditio,location and derive a fair offer price. And if this home doesn't work out, they have acccess to others via the MLS.
As to the tax value. I have done some property tax consulting work here in S.A. Sometimes they are spot on, other times I have seen them off by 40+%!!!! Keep in mind, here in Bexar County, they don't always visit the property in person. They use software packages, aerial photos, and any sales they can get their hands on.
Good luck!
Using a buyer's agent, their fee is paid for by the listing agent in most cases. They'll look at recent sales, in similar size,conditio,location and derive a fair offer price. And if this home doesn't work out, they have acccess to others via the MLS.
As to the tax value. I have done some property tax consulting work here in S.A. Sometimes they are spot on, other times I have seen them off by 40+%!!!! Keep in mind, here in Bexar County, they don't always visit the property in person. They use software packages, aerial photos, and any sales they can get their hands on.
Good luck!
- Jeff Kessler, "TexasHomesBrokers"
- Contributions:75
This is pretty normal as the Texas is a non disclosure state. The tax appraisal and asking price are usually different. I know here in Austin the tax appraisal is usually about 80% of the actual value of the home. If they were both the same then you would be paying a lot more in taxes.
J.
- sunnyview
- Contributions:25139
No the tax value should never be used as an appraisal. Somteimes they are very high if the property was purchased in a hot market and sometimes they are very low if a property has been owned by the same owner for many years. A mortgage company will have an idependent appraisal done that will not consider the tax value, but only the recently sold comps within about .5 mile if enough are available. Your best bet pre offer is having a local realtor/agent pull up ALL the comparable houses in that small local neighborhood for the last 6 months that are similar in size bed/bath etc. Texas information is spotty on Zillow because I believe it is a non disclosure state so info is restricted. Call a local agent for a CMA and base your offer on the condition of the house and the trend of properties in that area. Good luck and happy house hunting.
Why would the tax appraisal of a home be only $41,000, but the asking price be $86,750?
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