How to value a house
Two things to consider in valuing a home are, first, how does it compare to similar homes that have sold recently? Is the asking price fair? And second, what value do you place on the advertised features and amenities? Yes, other people might value them highly, but do you? Performing a Comparative Market Analysis (CMA) are among the many algorithmic (generated by a computer model) starting points in figuring out the value of a home. It shows you how the home is relative to other homes in the area, but you need to add in all the things that only someone who has seen the house knows. You can do that by contacting Robert J Russell , and then you create your own estimate and see how it stacks up against the asking price. Looking at "Comps" Knowing whether an asking price is fair will be important when you're ready to make an offer on a house. It will be even more important when your mortgage lender hires an appraiser to determine whether the house is worth the loan you're...