What factors are included in an Estate Agents valuation of a property? - property price valuation
Yesterday I went to see a property near Erith & Slade Green, Kent. When I learned that I needed a lot of work (new kitchen, bathroom, storage heaters, double glazing and decoration in general). It has also to extend a very short period of only 64 years and cost £ 10,000, the rental agreement.
The property is a ground floor apartment in a block, garage built. It is very close to a busy main road. Properties around us seems to us that the sale of around £ 135,000 - £ 140,000 in perfect condition. The property is up to $ 125,000.
I have good a final offer from 115,00 pounds, which I for. What do you think? I think it was more to say than the first prize, but brokers.
Tuesday, January 5, 2010
Property Price Valuation What Factors Are Included In An Estate Agents Valuation Of A Property?
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6 comments:
An appraisal of real estate broker "is not a" satisfaction ". It's just a selling price.
It can been about the money, because the agent is in competition for the classroom (the seller, think the highest score, instead, sell misguided).
It could be a seller on the price there are high initial investments test market.
Certainly, if they offer many comparables and property needs work and investment in the lease, then you have a good example of taking the prize.
Ultimately depends on the potential demand. If you do not have any competition then you may need more than their £ 115K to pay.
An appraisal of real estate broker "is not a" satisfaction ". It's just a selling price.
It can been about the money, because the agent is in competition for the classroom (the seller, think the highest score, instead, sell misguided).
It could be a seller on the price there are high initial investments test market.
Certainly, if they offer many comparables and property needs work and investment in the lease, then you have a good example of taking the prize.
Ultimately depends on the potential demand. If you do not have any competition then you may need more than their £ 115K to pay.
The property is worth what someone is willing to pay for it! Old adage, but true.
You can add more to offer, but this is a requirement that the current owners to renew the lease.
The housing market is now slowing down, so you can get lucky and accepted the offer.
Remember that the Agency for the seller of a commission for each sale and deserve, can not say on the description to all the problems based work.
You are havin 'a laugh, withdrawing their bid.
From the surface, it seems that you at least £ 30 to spend 40k to make it habitable and € 10k in the rental agreement, it would be tops for £ 80k cash and tell them that is a firm offer if you think It's worth it.
You may laugh, but remember that the property market and a slowdown in interest rates have also increased the loss of your party does not win it because they have to pay more.
with the property value when you upgrade to go - prices in Scotland are much cheaper, updated 3 bedroom house £ 110,000 and you still have.
with the property value when you upgrade to go - prices in Scotland are much cheaper, updated 3 bedroom house £ 110,000 and you still have.
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