Home Selling in 28463>Question Details

Champ, Home Seller in 28463

I have rental property I'd like to sell. Is there a calculator or rule to figure out an asking price based on?

Asked by Champ, 28463 Tue Jun 30, 2009

the rental income?

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Answers

2
Champ
The rule is that if the property is four units or less, it is treated as a single family home...meaning that the income of the buyer and the value of the property figure into the purchase.

If the property is more than four units, or is a commercial rental (strip center, store front, etc.) the income from determine the value.

I would ask a Realtor to analyze your situation and give you some options.

I would also check with my CPA on tax consequences and options.
0 votes Thank Flag Link Tue Jun 30, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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If you have a commercial property that has produced income for you, and that is how you want to base your calculations for a sales price, yes, there is a formula. It has to do with income, upkeep/maintenance, depreciation, etc.

Then there is always the tried and true method of appraisal or comparative market analysis.

I would be happy to assist you with your quedstions, since it is very confidential. Please feel free to email me to discuss or call me.
0 votes Thank Flag Link Tue Jun 30, 2009
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