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value: How to Determine Your Home's Value
- 10/25/14 02:42 AM
There are two main approaches to determining a home’s value. Approach 1 is the comparable sales approach. Step 1: Find out the price of similar homes.
It is not always possible to find recent sales of similar homes. In that case I find homes that have recently sold which are as similar as I can find in location, size, age, lot size, condition, upgrades to the house & landscaping. In the industry, these other similar homes are known as “comps”.
Step 2: Adjust value.
I then compare location, size, age, lot size, condition, upgrades to the house & landscaping of the … (0 comments)
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There are two main approaches to determining a home’s value. Approach 1 is the comparable sales approach. Step 1: Find out the price of similar homes.
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