I was wondering the best way to know what a house is worth. I would like to do some wholesaling deals, but need more knowledge on what the value of properties are. Carlton Sheets recomends going to 20 open houses. That seems reasonable enough. I was also thinking about working with an agent at first that would give me knowledge on retail and they would also have a good grasp on the value. I guess my question is are there any other ways that might be better or help in addition to these two I mentioned?
Thanks for the info!
Shawn
Call your local county assessors office. Many assessors are online and the property info is free. In FL over 30 of the 67 counties are online and easily searchable for any property in the county.
Re: The best way to calculate value of a home - Posted by Russ Sims
Posted by Russ Sims on March 25, 1999 at 23:22:48:
Shawn:
I think the best way to check property values, short of hiring an expensive appraisal, is to do a comparative sales analysis. A Realtor you are on good terms with should be willing to do this for you. They will pull comparative sales figures off the MLS. If a realtor won’t help you for free, you can do it yourself! Log onto knowx.com and pay them 10 bucks to pull the sales figures on 5 similer properties in the area. They will charge $1 for each additional property, but 5 is really all you need. I’ve used their service and it’s very comprehensive. Worth every penny.
I hope this email will work maybe I typed a letter wrong. Anyway I just wanted to thank you all for your responses. You have all come up with great ideas!! In response to people being nice by sharing a lot of info it’s true your all very generous, helpful, and knowledgable!
Again THANKS,
Shawn
Thanks for the website address. I’m constantly blown away at how generous the folks on this site are with sharing rescources. Hope I can respond in kind soon.