Home Selling in 01852>Question Details

Susan, Home Buyer in Lowell, MA

How do you determine the value of a townhome when no other units in the complex are up for sale?

Asked by Susan, Lowell, MA Tue Jun 12, 2012

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3
John Savignano’s answer
A realtor or an appraiser doing an appraisal would focus on the complex you are in, but also some outside the complex of similar characteristics. In other words, they would try to find a similar quality complex and units in the same town and then adjust for pluses and minuses. I hope this helps
1 vote Thank Flag Link Tue Jun 12, 2012
Hello Susan,
Have any units "sold" in the last 6 - 12 months? Not just currently active, but either under agreement or sold will help determine as well. Good Luck!
1 vote Thank Flag Link Tue Jun 12, 2012
Your buyers agent can pull all other town house sales in the area to calculate current market value. There should be other comp's outside of the building complex.

Good luck!
Web Reference: http://territory.com
0 votes Thank Flag Link Tue Jun 12, 2012
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