Updated almost 10 years ago on . Most recent reply
property selling for 55,000 needs 30,000 in repairs
property needs cosmetic work only so it seems, tax assesed value is 147,000 and zillow had it appraised at 200,000, nice non crime neighborhood. can u advise
thanks keith
Most Popular Reply
@Keith Motola Welcome to BP!
As it stands the tax appraisal means nothing and so does the Zillow estimate. You need to run property comps in that area and get your ARV. Best idea would be to contact a RE agent and ask if he can run the comps for you(it's always good to have an agent on your side) if you can't find real data to calculate the ARV yourself.
Best of luck.