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Updated over 7 years ago on . Most recent reply
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Need help valuing a property
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