Saturday, August 21, 2010

What is a good book to learn how to value residential property?

What is the best book you have read come accross which discusses how to value residential real estate property? Best answer goes to someone who has actually read the book they recommend.What is a good book to learn how to value residential property?
Appraising Residential Properties





Since there may be more books with such a complicated name the ISBN is 978-0-922154-92-0What is a good book to learn how to value residential property?
Try the Sunday paper.... Most values are based on what their neighbor's similar house sold for - ';comps';
There are tons of books out there that you can read to find residential values, but the best way to find an accurate residential value is to take the house your wanting to value drive the neighborhood for homes for sale see if their comparable in size features,etc. and you can ask a REALTOR what $ houses have sold for in that area how long they took to sale and price your home using all the data you collect. If all the others are selling for around 45-50K and you price yours at 70K your screwed sitting on an over priced home

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