FMV?

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What is the easiest way to calculate FMV on a home?

Comments(1)

  • taylorbau4th August, 2005

    Using comparable sales figures for properties in the area. You need to make sure they are comparable in terms of size, style, age, condition, location, etc so sometimes it can take driving by the comps and doing other research to make sure your comps are telling you the truth.

    Simply using internet sites or other sources for sales figures can sometimes not be enough. The MLS is very useful in determining the details such as condition but you need a RE agents license to have access....or you can befriend an agent and have them do comps for you in return for listing with them and providing other value to them.

    Hope this helps

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