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Updated almost 4 years ago on . Most recent reply

User Stats

55
Posts
19
Votes
Julie Groth
  • Residential Real Estate Investor and Broker
  • New Orleans, LA
19
Votes |
55
Posts

How to I set price to sell my STR?

Julie Groth
  • Residential Real Estate Investor and Broker
  • New Orleans, LA
Posted

I own a lucrative STR double (license requires homeowner to live in one side). Property has been generating $45k net income/yr. The weird thing is that appraisers will only value the house at market value and not take the business income into account

What your ideas about how to position/market this house for max value? I'm a broker so I'm the one to come up with the listing language and price.

Most Popular Reply

User Stats

2,277
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2,947
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Nick C.
  • Specialist
  • Tampa, FL
2,947
Votes |
2,277
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Nick C.
  • Specialist
  • Tampa, FL
Replied

That's not weird at all, it's a piece of real estate and should be valued on market value. Very risky investment would be to assume it will keep getting 45k/year indefinitely and pay more than what it's worth. 

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