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Newfane : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling0
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Activity 3
Fri Apr 20, 2012
Anna M Brocco answered:
Since no link is visible, you can directly contact the listing agent, or any local agent/realty office can also help, they all have access to the same information.
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Thu Aug 20, 2009
First Last answered:
Yeah wow you're seeing some differences! Welcome to New York!

I work in NYC but I own properties upstate near you. When I buy I don't care what the assessed value is (well, that's a bit of hyperbole, but not much). I study the market and cash flows (since these are investment props).

If you're trying to figure out a sales price to suggest to a client, which seems to be your situation, then you need to do a comparative market analysis that includes a thorough study of recent sales, list prices and prices of homes in contract. I'm afraid there aren't many shortcuts or formulas that you can rely upon.

And that's in a normal market. This in my opinion is not a normal market. You've just got to have your ear to the ground as much as you can.
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