What you need to estimate property value
All property value estimates involve a solid understanding of the market you’re buying in. Here’s a few data points you’ll want to take into consideration when estimating property value:
• Sales History: What the property has sold for in the past.
Comps: What similar homes in the same area have sold for recently.
• Physical Features: Including lot size, landscaping, type and quality of construction, # of rooms, etc.
• Location: Nearby schools and neighborhood condition that can affect home value.
Once you have the above information you will be able to get a better understanding of what kind of price you need to make a deal. Now that you know what you need in order to come up with your property value estimate the question you may be asking yourself is “how do I get this information?” Continue reading to learn about Cogo Capital’s Property CDNA reports!