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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Tue, 1 Mar 2005 00:45:56 -0500
/ Author of the message: "orangetrader" |
Title of the message: |
Re: What is going on with the market?
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Text of the message: |
Homan: I did not use the tax appraiser's value directly. My original post explained what I did. First I took the homes that sold recently in the last three months that are nearby with similar conditions. Then I determine the price using two methods. (1) I calculated a dollar per SF amount. Then I averaged them. It came out about $190/SF. From there, using the adjusted SF of the house I was interested in, I computed the total value using $190/SF. (2) I looked at these properties tax appraiser's values. I then computed a ratio of that value with the sold price. For example, one property was sold for 585,000 and the the tax appraiser's assessed value for 2004 was 350,000, so the ratio is 1.67. I averaged all these property's and worked out an average ratio. I then multiple the averaged ratio with the assessed value of the property I was interested in. Then I took the higher value of the two methods, which was 609K, and I made |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.