Updated almost 12 years ago on . Most recent reply
Help with CMA
As a new real estate agent, I listed my uncle's house in Hico, TX a couple of months ago. It was originally built in 1890 as a boarding house for railroad workers. There are several others houses in Hico like it, but none that I could find recent sales data for. Besides that, they have all had different additions and modifications made to them over the last century. So how would I go about determining a reasonable market value? Today I reduced the price to $107,500 per my uncle's request but so far there hasn't been much interest in the house and I am trying to figure out if it's the price or the condition or just the fact that it's Hico (aka middle of nowhere).