Determining The Market Price Of A Property
Here is how we determine the market price of your property.
We take into account two factors: (1) recently sold listings, and (2) comparable listing.
We check properties within your street or in your area which are recently transacted and settled.
We also compare listings currently on the market listed for sale.
Depending on the number of transactions in your area and the volume, the price of your property can actually change on the daily much like the stock market.
However, property investors typically don't think of the property market like the stock market in the way that prices change daily.
So that is an interesting insight and how the value of properties is determined in the market.