To determine the probable selling price of a property, a realtor will perform a BPO. The selling prices of similar, distressed and bank owned properties are compared. A radius of 1/4 miles is typical, its not unusual to go even farther out to find a comparable property. Once the comparable is found an appropriate sales price can be set. You sellers should keep this in mind in your conversation with his or her realtor, for only then can a realistic price be set. Only than can you expect to have his property sold in a reasonable amount of time. Time and money will be saved and the highest and best price will be achieved.
Click on http://batesrealestategroup.com/ for foreclosures listings. You can also write me at Andrew@realtorintouch with your real estate related questions and concerns.
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