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07092 : Real Estate Advice

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  • Home Buying3
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Activity 3
Thu Apr 24, 2014
John Facchini answered:
Mark,


Worth is really seen as value . What value do consumers see in your property.Value is the price someone is willing to pay to fill a desire or need. Best way to calculate the value of your home is either a certified appraisal or a certified market analysis . A competent agent in your area should be happy to provide a current CMA on your property. Basically what are consumers currently paying for a similar home in your area.

Hope that served some help.

Best Regards

John R Facchini
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Wed Feb 12, 2014
Weichert Realtors answered:
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Fri Sep 16, 2011
Mary Petti answered:
Sean,

If the house was totally rebuilt in 1980's, even if the foundation is original, the build date is 1980's not 1940's (tho many agents will put some reference about that in the listing, tho it's not necessary). The house should be priced according to what is it, where it is, how many bedrooms/baths etc,.

If you bought a resale that was built in 1940, then gutted the place and replaced electrical, plumbing, kitchens, baths, floors etc,.... when you went to sell it would you expect to get less because it's original build date was 1940???
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