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[–]SisterTwisters 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

In real estate one of the common ways to guesstimate the value of a property is to use a process called comparables, where you figure out what comparable properties or similar properties have sold for in the local area in the recent time.

https://www.investopedia.com/terms/c/comparables.asp

The only real way to know the value of a property is to sell it and to figure out what a buyer is willing to pay for it.

You may quote me on that, and I'm quite sure that Mr Donald John Trump would fully agree with me.

My name is Edward