Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Broker's Opinion of Value: Can I get before I put under contract?
I recently got a call from a fellow who inherited a rural property close to the Des Moines Metro Area. Although I know the area very well (I bowhunt right across the street), I don't have a good estimate of value for rural acreages here. I have a sense it's worth about $200k and I could probably get it for $140-so it would be a good deal-IF I can resell it.
What I would like to do is get a broker's opinion of value before I get it locked into a contract. This seems like a fast way to get a better understanding of the value and gives me something more tangible to talk with my banker about.
Is this ill advised? I guess I'm just being cagey about the lead... I welcome any thoughts about other ways to proceed.
Regards,
Matt