vietvuong139, Other/Just Looking in Bellevue, WA

What is the resale price - in percentage of the purchase price - of a house in Bellevue after ten years?

Asked by vietvuong139, Bellevue, WA Fri Mar 15, 2013

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I would agree with Annette. Even within a single city, the results would depend on the neighborhood and the type of house.

Assuming you bought a house 10 years ago and what to have some idea what it is worth you would need to:

1. Look for similar houses in your area that have sold within the past 4 months (usually I would say six months;
2. Contact an agent and ask them to do a comparative market analysis on your house; or
3. Commission an appraisal of your house.
1 vote Thank Flag Link Fri Mar 15, 2013
There is NO relationship to the purchase price of a home 10 years ago and it's current value or resale price. If only it were so simple.

There are numbers you can crunch and trends you can overlay and ratios to apply, but these are all exercises of self-deception.

Analyze what the current real estate market is doing regarding like kind homes. adjust for tangible asset discrepancies and the result will be a value in which you can have confidence. Most real estate professionals can do this for you. We do it many, many, many times a year.

Or go to Zillow. That's EZ, but as you know, they are the masters in pubic deception.

Best of success to you,
Annette Lawrence, Broker/Associate
Reamax Realtec Group, Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Fri Mar 15, 2013
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