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Updated about 5 years ago on . Most recent reply

User Stats

60
Posts
12
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Andrew Bissada
  • Investor
  • Austin, TX
12
Votes |
60
Posts

Parcel Search - How accurate is appraised value?

Andrew Bissada
  • Investor
  • Austin, TX
Posted

I watched Brandon's video "How I quickly analyze a rental property for cash flow"

Towards the end he mentions using the county's parcel search to get an idea on the appraisal value of a property (to see if you can realistically offer lower than asking price).

I tried this out to see how it works, on a property on zillow listed for $275,000

The appraisal value from county parcel search was $241,848.

That is a 33,000 difference. How accurate might this be? And how likely would it be that I could offer a price like that to purchase?

I don't necessarily want this exact property, but I want to be able to use this process when I find properties I do really want.

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