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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John Savigna…, Agent, Hopkinton, MA
Tue Jun 12, 2012
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
Sharon Lucido, Agent, Sagamore Beach, MA
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
Territory.c…, Agent, MA,
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
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