@ what price can I expect to sell this

**MrBrian** · 05-03-2008, 02:20 PM

In zip code x the average price per square foot for all homes sold is 200.

This home I'm considering buying is about 100 yards away from a major street and in zip code x. The back of the home faces this street. ALL THINGS CONSIDERED AVERAGE if the average home sells for 200 / sq foot, ball park what I can I expect to the expected price / sq foot to drop because of "being 100 yards away from a major street"

**portland real estate** · 05-03-2008, 04:41 PM

what you can do is to look at what immediately neighboring homes have sold for in the past, or other homes that are at a similar distance from the major street.

**bmc** · 05-03-2008, 08:23 PM

One way to know the market value of the home you are looking at is to get the recent comparable sales (comps) information on the similar houses in the same neighborhood or subdivision. You can ask a local realtor or a real estate agent/broker to pull out comps data in this neighborhood from MLS listing services.

**rainier** · 05-05-2008, 02:52 AM

you can negotiate with the realtors and try to ask for much affordable price.

**GetSmart** · 05-06-2008, 08:20 AM

Originally Posted by MrBrian

In zip code x the average price per square foot for all homes sold is 200.

You can't compare all homes in the neighbor per square foot to get an accurate value.

You can't just go with square footage either, you have to make sure the house is close to being identical. Example- 1800 ranch isn't valued the the same as a two story 1800 foot home nor is it the same as a split.

Then you have to base the condition of your house as to the ones that sold and the ones that are on the market.

**nancyarora2020** · 06-09-2008, 04:41 AM

Is it the right price for the property? Perhaps this is the question that keeps on creeping in people's mind ever since they make up their mind to buy or sell a property. It is quite necessary to spot the right price for making a successful real estate transaction but it is some how difficult . Neither any rule of thumb nor a scientific technique is there to help! So, how to get a good deal? People are advised to believe their own instinct but cautiously. Some things which one should keep in mind to reach the decent levels of property-valuation and deal are:

Good quality roads around and within the society add value to the property.
Value depends on the profile of the location where the property is situated.
Connectivity with bus depot, railway station and airport is equally important from buyer's point of view. In fact, property in vicinity to these facilities makes sound investment proposition.
People avoid locations that are closer or are known as riot prone area or communally polarized.
Not to mention, green surroundings, civic amenities like safe drinking water, uninterrupted power supply and systematic drainage system are the first preferences of the buyer.
As valuation of property is a process, all the above discussed factors go hand in hand with perception of quality.