I am looking at a new home to buy. The price has dropped from 280,000 in 2006 to 204,000 now.
I live in Orlando Florida that had the highest price increase and now fall.
I believe that house before the bouble would sell for 150,000 but I cant remember.
Is there a formula to come up with a house value?
I have been researching online and have seen one number side value 3 times median income for area?
another was payment need to be very close to rent payment but is that with 20 percent down?
So what formula should I use to come up with a pre bouble value? not the highly inflated current value.
2007-11-11
02:19:02
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1 answers
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asked by
Anonymous
in
Renting & Real Estate