We help you determine the market value of a property based on comparable sales.
Our customers generally are: 1) the property owner who wants to reduce his property tax, and 2) Hard core users who have many properties requiring a quick estimate of market value. Texas Market Value is for property owners, prospective sellers and buyers, banks, lenders, investors, property tax agents, real estate agents, nosey neighbors and anybody else who would like to get a real world estimate of what a property is worth.
Appraisers normally use 3 approaches to determine value: Income, cost and comparable sales approach. The last method, is also known as a CMA or Competitive Market Analysis. It requires finding similar properties that have sold. Once those sales (comps) have been identified, the sale price of each comp is adjusted, i.e. raised or lowered, to make the comp look like the subject.
There is no other approach that can be as accurate as the market approach! That is what we help you construct.
We have step-by-step tutorial that will guide you in your 1st CMA. You may also click the HELP tab at the top to preview all of our help pages to assist in the CMA.
About the TAD Data
Tarrant Appraisal District data is the 5/4/2010 data. It contains 603,026 properties and is tied to over 90,000 sales!
About the Sales DataAbout the Sales Data We have 93,997 sales! They include over 14,000 FORECLOSURES from the Tarrant County Courthouse steps in 2008, 2009 and thru April 2010. Over 25% of all sales in 2009 were foreclosures. The appraisal districts refused to recognize this type of sales in spite of their affect on the market. As a result, the Texas legislature passes HB1038 which may change the face of property values by all of the CAD's. It is your right to insist that the CAD include foreclosed properties when they value your home if it is your homestead.
Our searches allow the user to select many parameters for finding sales like the subject. You may include or exclude foreclosed property in your customized CMA. We have created mapping with Google maps, exporting for Excel, ability to search for land, multifamily, commercial and of course residential properties in Tarrant.
The registration is FREE and includes an example you can use to explore the many features of our site. There is NO other web site that allows the user to create a CMA so quickly and professionally. Our sales are collected from CAD, FHA, VA, deed records and other sources available to Texas Market Value. The sale dates are from 1/1/2007 thru 4/15/2010. We are REALTORS and licensed Property Tax Consultants.