I'm new to BP so, I'm still in the analysis stage. My question relates to selling price versus tax history. I'll give some random imaginary figures for my example. House A is listed for $70 000 but the history for the last couple of years shows a downward trend from say $55 000 to a present $40 000. Another listing sells house B for $40 000 with a history hovering around $70 000. My question is whether the tax histories are a reliable barometer for the actual values of the properties. Are tax histories as per example A proof that that the property is actually in a state of disrepair and neglect? Would example B be a good buy if based solely on tax history?
Tax history is the past and has little to no value when you consider how much to offer for a house.