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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Luis Barahona
  • San Francisco, CA
1
Votes |
10
Posts

Need help valuing a property

Luis Barahona
  • San Francisco, CA
Posted

Hello,

I've been sending mailers to homeowners in the area letting them know I'm interested in buying properties in the area. 

I've gotten responses from a few people. One owner who owns a duplex in San Francisco is interested in selling. We've met once to discuss my plans and I am touring the property soon.

I have comps for the property that I've gotten from a realtor friend. My question is how do I value the property? Is there a guide or someone that can walk me through this? Should I use the comparables approach or the income approach given it's going to be for rental income purposes?

Thanks,

Luis

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