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Dillion Burns
  • Austin, TX
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Using county appraisals in property analysis

Dillion Burns
  • Austin, TX
Posted Oct 22 2020, 23:33

I am generally just curious on how people use county property appraisals to help asses whether they are getting a good deal on a property or not. 

For example, I found a property on the MLS running at 220k, but the county appraisal for that property is at 197k.

I know other things go into analysis, but I am just curious:

- If this would mean the seller is simply asking to much for their property? 

- What are your next steps. Would you get it privately appraised to see if there is a difference?

- Would you use this county appraisal as a possible offer number to the seller?

Thank you!

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