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Updated about 5 years ago on . Most recent reply

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2
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Cherie Durand
  • New to Real Estate
  • Henderson NV
0
Votes |
2
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Loan to value? Where do I find that?

Cherie Durand
  • New to Real Estate
  • Henderson NV
Posted

So this is my first post. I've started researching real estate and I have so many questions, but the biggest one is: How on earth do I know the value of a property for sale? How can I possibly know if the house I’m looking at is listed at a decent price if there’s no information on what it’s actually worth? Do I need to just do research on the houses in the area? Because I don’t see that as being very helpful. Every house is different and every house has different square footage and amenities. . 

Theres no information about this online. Or I'm simply too inexperienced to know where to look. 

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57
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16
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Timothy Lewis
  • Banker
  • Bowie, MD
16
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57
Posts
Timothy Lewis
  • Banker
  • Bowie, MD
Replied

@Cherie Durand, absolutely look at other homes to compare the listed price. Generally, look at sales within the last 3 months. You typically want to find properties that are similar enough. Try to keep your list of comparables to a small radius depending on the area your evaluating (the more dense, the smaller the area).

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