Obama Short Sale Guidelines Now in Stone

By
Real Estate Agent with Allison James Estates & Homes 01079287

https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf

Posted by

Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses

Comments (1)

Valerie Almanzar
Your Casa Team - Keller Williams Realty - Rio Rancho, NM
MBA

Thank you Tere for the information!

Dec 01, 2009 12:34 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?