4 ms·
Sales price is really the only 'accurate' statement of value.
by Neliquat 10y ago
Sales price is really the only 'accurate' statement of value.
- byoung2 10y agoIn a way, that's true and false. A house may be worth $500k, and you might get a dozen people to offer $500k, but if someone comes along and wants to buy back her childhood home for $1 million for the sentimental value, isn't the house still only worth $500k? The next buyer will still think the house is only worth $500k.
- EpicEng 10y agoI suppose that's kind of my point (not the parent.) 'value' is an amorphous term. Ultimately, you have comps, a detailed appraisal, and emotion to guide the purchase. There is no hard number, but the first two get you very close.