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Estimate the fair market value of the property selected

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Reference no: EM132025756

Write short-answer responses for each of the following requirements in a paper totaling between 700 and 1,400 words:

Estimate the fair market value of the property selected(Bellow) using the two different techniques described in the following:

Take the average value of the comps you obtained for the property.

Use the asking price of the property and ask the real estate professional to estimate the eventual selling price of the property.

Share at least one additional technique to determine the fair market value of a commercial or residential property.

Assume you have determined that you want to acquire the property.

4. Develop at least three strategic plans as to how you might acquire the property. Share the pros and cons of each strategy.

Listing

Location: Standing Rock Cir, Oakland Florida 34787

Min Price: 180,000

Max Price: 300,000

Beds: 3

Baths: 2

The actual home is a 3 bedroom 3 bath 2 story bungalow. It is 1,896 sqft with a starting price of $288,990 with HOA fees of $80 a month.

· Obtain the current asking price. $288,990.00

· Obtain at least three comps for the property in which you are interested. Note.Acomp is a property that has recently been sold and is similar to the property you are considering in terms of location, size,and characteristics. Determine the actual selling price for the three comps.

comps available are:-.

Angelou I @ 277,990.00 3 Beds 3 Bath at 1758 sqft

Chandler @ 275,990.00 3 Beds 3 Bath at 1641 sqft

Kipling @ 292,990.00 3 Beds 3 Baths 2008 sqft

Reference no: EM132025756

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