Please read my colleagues' replies ... they're packed with very useful information. All that aside, however, if your objective is to purchase the home for the assessed tax value, it's just not going to happen. Once you have the "comps" in your hand, you can pretty accurately determine its market value ... and if the price is totally out of the ballpark, it's best to move on.
Of course, this doesn't mean that a cash buyer won't pay whatever the seller is asking. Be it a house, car, or anything else, something is worth what someone is willing to pay.
You need a Realtor to provide the information, since home sale prices are not public record in Texas ... and given that there is no cost to you as a buyer, why wouldn't you work with one of us?
If I may be of further service, please feel free to contact me.
Trend Setter Realty
Many homes in Texas use septic and this is common... even in high price homes. The farther you are the more likely this will be.
Hope this helps.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | firstname.lastname@example.org
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
You need a real estate professional to help you to make sense of the market if you are a serious buyer. Your Realtor will guide and help you from the information gathering phase of your search through close of escrow. Cost? The commission for you Realtor is almost always paid by the seller. What a deal ! Professional guidance at no cost to you.
Some homes are on a septic system for their waste water. Would have to check.
Regarding the Harris County Appraisal District (HCAD.org), the values they show are what they access the home for taxes and it is typically NOT based on this one home, but a general view of the values in the area. Also, they are typically about 12 months behind what the market is doing.
Looking at HCAD to determine values is the wrong way to go! You need to speak to a local Realtor that can pull up recent (last 6 months) sale data and compare apples to apples in relation to age, size, etc of the home.
The Houston area really took off in the early part of 2013 and HCAD can only set their values once a year, every January. You bet the values will go up in early 2014 on their web site.
Bernstein Realty, Inc.