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Author Topic: Market Value  (Read 1884 times)

Offline big bentley

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Market Value
« on: July 07, 2007, 02:28:27 pm »
 :Is there anyone out there that can explain to me how to figure out the Market Value of a residence, Is there a formula that you use. I am a beginning investor.

Thanks!!!!!!!!!!!!!!!!
« Last Edit: July 07, 2007, 02:36:45 pm by Mdhaas »

Offline AJ290

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Re: Market Value
« Reply #1 on: July 07, 2007, 02:55:52 pm »
The only "formula" is to complete a CMA:  comparative market analysis.  That is, you'll need to find comparable properties to your's, and find out what they sold for.  List price is irrelevant.  So is the assessor's office valuation estimate.  Actual sale price of similar properties is what you're after.
Two favorite sites:  this one, and
The Naked Investor

Offline reiauctions

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Re: Market Value
« Reply #2 on: July 08, 2007, 04:29:42 pm »
I agree.  Also, on your CMA, make sure the comparables are 6 months or less old.  If you start looking at stuff more than 6 months old, it will throw you off.
Internet Auctions for Real Estate
http://www.reiauctions.com/info

Tom Wood

trustpro

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Re: Market Value
« Reply #3 on: July 08, 2007, 05:05:13 pm »
For a general idea including comparable sales, you might try:

http://realestate.yahoo.com/homevalues/

Good luck.

 




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