Are you trying to learn how to determine the current market value of a property? I can help you with that. When I was trying to sell my property last year, here are the things that I did to determine the market value.
First, I looked for recently sold properties in my area that are similar to mine. I did this to learn about the rate at which they were being sold.
Next, I calculated a benchmark value. For that, I multiplied the average price per sq. ft. of the nearby properties by my property’s total sq. ft.
Finally, I used the Market Value formula to calculate.
The formula is Market Value = Average Price per Sq. ft. of Comparable Properties × Sq. ft. of Target Property.
And that’s all. I hope you find this information useful.
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Authors Of The Question
How to know the Market rate of a property?
Pandurangan
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4 months
2024-11-04T14:28:47+00:00 2025-02-12T22:23:17+00:00Comment
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