Contact us to get a free market analysis and to speak directly with my investors. Here are some more tips that will help you arrive at that magic number:
1. Grab Comparables
The best way to predict what price your property will fetch is to see what similar properties (comparables) sold for. But that’s easier said than done. Every building is unique, so even though two units can have the same square footage, number of bedrooms, and acreage, they just aren’t the same. Building A might have older kitchens and bathrooms than building B. Your challenge is to find sales of properties that, as nearly as possible, compare to yours. Here are variables to consider: • Location: Ideally, you want to find sales within a half-mile radius of your property, but don’t go by distance alone.
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