Austin S asked:
I am looking to invest in real estate. This would be my first ever purchase of a property for such reason. I have been told to always look at the assessed value of a property before buying to see if the property is priced well or not. How does this value compare to the actual value of a property? As I’ve been doing research, I’ve noticed the majority of the properties are priced way above their assessed value. Does that automatically mean they are overpriced? Or is it that the assessed value is a certain percentage of the actual value of a property? Anybody that would be willing to share their wisdom of real estate investing, please do!!!
Oakland office space
I am looking to invest in real estate. This would be my first ever purchase of a property for such reason. I have been told to always look at the assessed value of a property before buying to see if the property is priced well or not. How does this value compare to the actual value of a property? As I’ve been doing research, I’ve noticed the majority of the properties are priced way above their assessed value. Does that automatically mean they are overpriced? Or is it that the assessed value is a certain percentage of the actual value of a property? Anybody that would be willing to share their wisdom of real estate investing, please do!!!
Oakland office space