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Updated over 10 years ago,
How to know, what to prize your house after rehab
HI there guys.
I'm looking at a 1803 sqft house with 3/2 from 1979
Need new roof and Air condition unit, and doing full rehab inside
But how do I know what's the right prize to list after i'm done
I know you need to check out the comps in the neighborhood from last 6 months.
My realtor send me this email with comps in the neighborhood. but there some much difference between them in prize. this what she send me. must say house i'm looking at has more sqft then almost all of them, but also is the olderst from all of them.
List $89.900 Sold $82.000 year 1987 sqft 1691
List $72.500 Sold $62.000 Year 1990 sqft 1552
List $74.900 Sold $70.000 Year 1984 sqft1542
List $65.000 Sold $62.000 Year 1989 sqft1650
List $88.300 Sold $88.300 Year 1987 sqft1741
Current listing $74.900 Year 1988 sqft1692
Current listing $76.000 Year1985 sqft1975
Is there a formula you guys use, or just go from comps in neighborhood?
Thanks Quint