How To Calculate Realistic Resale Value When Creating A Property Developing Budget
How To Calculate Realistic Resale Value When Creating A Property Developing Budget
Tina Jesson (Property Developer / Marketer) gives expert video advice on: How can I calculate a realistic resale value?
How can I calculate a realistic resale value?
When setting a property development budget, you must consider the resale value of your property. The best way of determining the realistic resale value of your property is to find out what similar properties in your area have sold for - the actual sale price not the original market price. Go to the land registry and find out the last time a similar property to your own was sold in your particular neighbourhood and that will give you a starting point. The next thing to do is to go to your estate agent and get three separate valuations and find out what they think is happening in the marketplace, because, after all, they are the experts.
