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Thinking of moving from oak cliff to this house way out in bfe to be closer to where i work . Plus i like living in the country its better . So i know there are alot of real estate people here . Is this house worth 199k? I went and looked and i think not . In my mind more like 125k . But i dont know .
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2 acres with a couple of out buildings is where the value is on that..
Tax Record:
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What Chili said. Two shops plus the acreage.
Does it have a well or is it on city water?Fuck you. We're going to Costco.Comment
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Doesn't give an age. Unless your taste really sucks, you'll need a shit-ton of paint. If you can use all those buildings, it might be worth it.Comment
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Hmm if i am understanding . That says that teh real value of that place is only really $146k ? So they are overpriced by about 53kOriginally posted by Chili View Post
and its on city waterLast edited by SMEGMA STENCH; 08-07-2012, 08:25 PM.Comment
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Come to find out that house only been on the market for 1 month . I am a noob at this . How do you deal with the price being 53K more than it should ? just walk in an lowball em ?Comment
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that's what they negotiated the value to and what they pay taxes on
as with every other facet of life, you have a lot to learn here
you need to pull comps and see what houses are actually selling for
you can lowball people, but it's often about as effective as any other uneducated lowball techniqueComment
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A few things..Originally posted by waycooljr View Post
1. The tax appraisal is not reflective of the true market value of the house.
2. It has been on the market for 58 Days (listed June 11)
3. Have you gotten a Realtor to do any comparisons?
4. Zillow puts the value at $157,172 with a range of $121K – $207K.
I do think it is over priced, but I also think you're a bit unrealistic to think it's worth $125k. Get a Realtor and have him do the market comps. If you're still interested, make your offer based off that information. The worse they can do is say no.
If they are way over priced, then that house will be on the market for a very long time unless they get a buyer with cash. Lenders aren't going to fund a mortgage on a house that doesn't appraise for the amount of the loan.Comment
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As already said, that is just the tax appraisal, which really doesn't impact market value. You'll see on that link that they have Homestead exemption and have owned it since 1988. I was just giving that link so you would have some additional info. You're best bet is to work with your realtor and they will pull comps for the area and give you input on the price.Originally posted by waycooljr View PostComment
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Yea, my new house had a tax appraisal of $179K. An actual appraisal came in at $210K. It was a VA appraisal and those guys typically low ball it..Originally posted by Chili View PostComment
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like said above, tax appraisal doesnt mean much. Some lucky people's houses will value at 1/2 of what they are worth and they pay 1/2 the taxes they would have to.
You wont ever negotiate to $125k. Houses are not like cars where you can really lowball and win. If they are asking $199k, Im guessing they might go as low as $190k.Comment
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Nate kinda rolled his eyes when I told him to offer 125k and they pay closing on mine since they wanted 150. They came back 130 and they pay close. I said deal and then we got a small carpet allowance and a pest spray. I do agree though sometimes they are not so friendly with lowballs but you never know.Originally posted by 8mpg View PostWhos your Daddy?
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Redfin has a feature where you can run your own comps to get an idea of what the square foot price should be. Obviously its better if your Realtor does a market analysis (price of listed homes, pendings, and of course recently solds) to get an accurate idea of the value.Comment
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Ok thanks for all the help everybody yall have been great .
In my mind when i look at that property i see $150k . Maybe 160 . I just dont see $199 given where its at
so maybe its not the right one for me
But ill see what the realator says as yall advisedComment
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