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How to Determine a Property’s Value Using Real Estate Comps
WebJun 28, 2024 · 1. Choose specific criteria to use in your comparison; for example, a set number of bedrooms and bathrooms or an approximate square footage and lot size. Note the condition of the house, including ... WebFeb 8, 2024 · Here’s how you calculate it: Take the median sold price for your market data and divide it by the median square footage of a home in the market data. For example, if … greensboro infiniti dealerships
What is My Land Worth? How to Estimate Land Valuation
WebFeb 8, 2024 · Here’s how you calculate it: Take the median sold price for your market data and divide it by the median square footage of a home in the market data. For example, if the median sold price of a home in your market is $425,000 and the median square footage is 2,500 sq ft, you have a median price per square foot of $170. WebDec 4, 2024 · Age: The subject house should be the same age or within few years of the comparable sold houses. If your house is 30 years old, you cannot sell it at the same price as a 10 year-old house was sold for in your area. Number and Condition of Rooms: Bedrooms, bathrooms, and kitchens are the most important rooms in any house. … WebFeb 20, 2024 · When someone asks what comparables are in real estate, the best explanation is properties most similar to the analyzed property. Both real estate agents … fm amplifiers