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Updated over 8 years ago on . Most recent reply

George Genovezos's profile image
George Genovezos's profile image
George Genovezos
  • from Bedford, Texas
  • Member since Oct 24, 2016
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George Genovezos's profile image
George Genovezos's profile image
George Genovezos
  • from Bedford, Texas
  • Member since Oct 24, 2016
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George Genovezos
  • Bedford, TX
24
Votes |
79
Posts
Texas Real Estate Q&A Discussion Forum

is it worth it or too expensive for a rental?

George Genovezos
  • Bedford, TX
Posted

Hi all,

THere's a property that popped up on MLS today in the dfw area. Owner is asking for 60K. City says the value is 90K for 2016. It has foundation issues. house also needs carpet, kitchen, bathrooms, flooring, paint...

I'm looking for a rental.

what would be a fair offer for something like this?

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Scott MacArthur's profile image
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Scott MacArthur
  • Residential Real Estate Broker
  • from Hurst, Texas
  • Member since Aug 10, 2015
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Scott MacArthur's profile image
Scott MacArthur's profile image
Scott MacArthur
  • Residential Real Estate Broker
  • from Hurst, Texas
  • Member since Aug 10, 2015
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Scott MacArthur
  • Residential Real Estate Broker
  • Hurst, TX
22
Votes |
40
Posts
Scott MacArthur
  • Residential Real Estate Broker
  • Hurst, TX
Replied

What do you mean by the city says it's value is 90K/  Are you referring to the County's Tax Assessment value?  If so, I wouldn't go off of that for value.  If you need sales and rental comparables let me know and I can send them to you.

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