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Answers (4)
- Connie Wildasinn, "Connie Wildasin"
- Contributions:1178
you have to run the numbers... what has sold recently (typically 3 months) in the immediate area that are simular to what you have... price will always sell the property... over price and you sit like a rock, good market, seller market, buyer market.. price always...
- nhvzilre
- Contributions:2
Thank you Michael & Edyta for your answers. But, what I want to know was how the Zillow come up with the price of a property. I would like to know what data have they based on to come up with the price?
Sincerely,
Sincerely,
- Michael & Rebecca Straley, "Michael65341408"
- Contributions:109
Condition and location play a big part! Not only do you want to consider recent sales but recent contracts so you can understand the trend. An appraisal can always be purchased but usually an experienced Realtor's market analysis is what you are looking for. Talk to a few Realtors and see whom you trust and communicate well with and then ask them over. It is always best to be straight forward, about your need if you are thinking of selling or not. A true professional will be happy to serve.
- Edyta Gryc, "SE Florida broker"
- Contributions:304
By comparing recently sold properties in area. I make adjustments for condition, location, size etc. and come with a range of value and then determine the final value. The information about sales I got from local MLS.
How do you come up with a property price?
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