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Updated about 9 years ago on . Most recent reply
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coming up with offer
i have a motived seller who says his home is worth 130k but everywhere online says between 45k-63k. in the past two years hes renovated and put 70k into it. the average price for similar homes sold in the area is $69k. how do i find an accurate value for this property, so i can give him a solid offer?
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- Residential Real Estate Investor
- Kansas City, MO
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If you're talking about Zillow and EAppraisal, don't worry about them. You should never take those estimates as anything close to being fact. To determine a value, you've got to do the work yourself and find comparable properties that have recently sold and use those prices to determine a likely value. It's impossible to be perfect. There's a good deal of art to real estate valuation.