valuing real estate: {ASK THE PIG} – Valuing Diseconomies in Real Estate?
- 10/26/15 01:20 AM
A diseconomy in real estate is a condition unrelated to the property itself that can negatively affect its value. An example of this might be an area that was recently flooded (even if the subject property was not), a home that backs up to a cemetery or trailer park, or a property that is situated near a power transformer.
Determining the after repair value of a home with a diseconomy comes back down to the basics of comparable sales data, however not in the way that it’s traditionally used. Because there may not be sales on similar homes in the area … (0 comments)
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