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Updated over 9 years ago on . Most recent reply

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Britney Gaudet
  • Salt Lake City, UT
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coming up with offer

Britney Gaudet
  • Salt Lake City, UT
Posted

i have a motived seller who says his home is worth 130k but everywhere online says between 45k-63k. in the past two years hes renovated and put 70k into it. the average price for similar homes sold in the area is $69k. how do i find an accurate value for this property, so i can give him a solid offer?

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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
5,082
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

If you're talking about Zillow and EAppraisal, don't worry about them. You should never take those estimates as anything close to being fact. To determine a value, you've got to do the work yourself and find comparable properties that have recently sold and use those prices to determine a likely value. It's impossible to be perfect. There's a good deal of art to real estate valuation. 

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