How to calculate home prices

Determination of the price for a home, no matter if you are a seller or buyer, is a science and an art. Do not type the formula emotions, however. Variable factors are: square footage, recent sales in the immediate neighborhood, sales development in the city, where the House is located and external factors that can affect the price. Arrival at one base price per square is the beginning of the review and objectivity must be calculated. Public tax records give the last sale of houses and serve as a basis for reviews.

Instructions

1. The square value calculated. While the price per square meter is variable for each home, three values are valid: requires the property be brought considerable work on modern standard? Is it in good condition? Is it in excellent condition? Take into account the age of the House, carrying facilities inside and outside of the House, landscaping, the roof, the exterior color, the age of the equipment and the heating and air conditioning system, if the square value determine. The square footage information is in the public record and these reports can a base price. If an N/A square foot home for $ N/A sold and was in good condition, the square price would be $100 per square foot.

2. Examine public records or records in your county tax. This is the definitive source to determine a price for a House. Not check prices of real estate for sale listing in your area, but on the price of a home in the last 3-6 months sold. Fit your price in relation to the selling prices of real estate sold.

3. Research trends. Are real estate prices in your area up, down or stay the same? There are foreclosures in your area? There is short selling? Talk with your neighbors and know what they have the recent sales to determine. If the price of your home value, eliminate the foreclosures and short sales as they are distressed properties. Use only the houses which are fair market for sales as the basis for your trends. However, if dominated by foreclosures and short sales in your neighborhood, ready, bring your House Prize in accordance with these sales. This information is contained in the public or tax records.

4. Look around your community. Decline your neighborhood? Are new houses built? The local schools have a high score and win new families in your area? Is your municipality restrictive, for example, is a senior community? There a large percentage of the population employed a factory or a company? What is the State of the business? If the business takes off, is the price for your home. There is a medical concern in your area?

5. Ignore that what you paid for the House or how much you love your home, factors, nothing to do that with their current market value. Take your base square price, add or subtract accordingly factor in the turnover development and external factors and take place at a qualified price on your home page. Their most valuable piece of information is what houses of comparable size and age for market value sold in your neighborhood, at a sale.

Tips & warnings

A local real estate agent can give you a comprehensive marketing analysis of your town and neighborhood in an effort to come to a realistic price.
Many local newspapers have their online real estate sold informative websites information expanded.

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