When calculating offer for sale, how important in $ is the floor in that building?Translate floor into value $ difference, flr 9 vs flr 19?

Asked by Jamesr, Chicago, IL Sun Jul 7, 2013

Some people prefer the view from a lower floor plus faster access in and out for convenience and safety reasons.

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Nicholas Con…, Agent, Chicago, IL
Sat Mar 1, 2014
Every building is different, the way to figure it out from an appraiser stand point is this:

Find an IDENTICAL unit on a different floor and calculate the difference in price between the two.

There are many factors that would affect this though: The unit needs to have sold at the same time, similar condition, view, etc...., if it hasn't you would need to calculate how much it has increased or decreased since that time of sale.

It is very difficult to usually find an identical sale that sold similar to the one you are looking at, if you need help with this. Send me info on the building and I would gladly look into it for you.

This is not something that has a set dollar amount on, if anyone tells you that.... they are wrong.
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Akos Straub, Agent, Chicago, IL
Mon Feb 17, 2014
The price difference depends on many factors, one example is the 19th floor unit might have a better view than say the 9th floor unit, maybe the 19th floor is the penthouse therefore that has another value. Feel free to contact me for a more comprehensive analysis. You can find more information on akos.straubmilito.com/sell and find the value of your property instantly.
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Michael Cheng, Agent, San Jose, CA
Sun Jul 7, 2013
The price per floor is extremely important to get right. As you go up in floors, the price tends to go up since most people prefer higher floors. But it's not a linear relationship.

The price difference depends on the total number of floors in the building.
Web Reference:  http://www.archershomes.com
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