Pricing property is part art and part science. Besides locating similar homes to compare towards, home buyers and sellers must make certain pricing adjustments, based on market data. Though people traditionally take into account differences in size, number of bedrooms, and upgrades, they often overlook several crucial elements.
These elements include adjusting prices depending on which property and/or personal rights were sold, motivations of sale, market conditions, and financing adjustments. Click here to learn about financing adjustments in a blog I wrote for BiggerPockets.com, a Real Estate Business site where I am a weekly contributor.
Any questions or for FREE customized Market Reports, automatic email updates on properties that fit your criteria, or Realtor Referrals, please EMAIL ME or call me at 734-478-9270. -Anwell Tsai
Friday, December 5, 2008
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