Because these homes need to be sold somewhat quickly, they are typically priced at a very buyer - friendly price, which can often be just a small percentage of true market value. (usprobateleads.com)
They can negotiate more aggressively to get the home desired at or below true market value. (buyersbrokersonly.com)
An actual appraisal is expensive, and county tax records do NOT always reflect true market value. (joemetzler.com)