Local small town realtors do not acknowledge any cost/pricing difference. Totally mixed area with no true individual comparables. Also $values placed on upgrades and non ac sqft amentities (lot size-mature lanscaping / trees-decks-water features, city util)per sq ft. Searching for standardized guideline.
2006-12-23 07:44:33 · 2 answers · asked by Quest 6 in Business & Finance ➔ Renting & Real Estate
You want a "Standardized guideline" to price a house that's in a "Totally mixed area with no true individual comparables"...... won't happen.
From your other questions and answers, and your email, the situation that you are in is upside down. Buying any home, and putting in alot of money to fix/renovate/update/upgrade is tricky business - and can result in just where you are now.
Buying a house for X, and spending Y to get it into nice condition doesn't mean that the new value will be (X + Y), or more than that, or how much less... There are expenses that can pay you back and some that won't.
All in all, PRIOR to doing it, you must find houses that have sold, in the "fixed up" condition that yours will be in after the expenses. If those are hard to find, then don't start the deal - unless it's a dream home that you want to fix up and stay in.
For example, a house bought for $150k, and then you add a $50k inground pool with all the bells and whistles is now worth about $175k. So just do that, if you want to swim and entertain... and stay in the house.
Lastly, the Realtors will try to price the house, but it will be buyers who decide if it's worth it or not by their offers. Then you get to try to get a lender to agree to lend on a house like yours.
I do wish you good luck.
2006-12-28 03:16:39 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Sorry, You haven't get any answer. let go on...
2006-12-26 06:27:59 · answer #2 · answered by Nolimit-e 4 · 0⤊ 0⤋