31 Mar '15, 2am

5 Steps to Pricing Landed Homes #Singapore #Property

Unlike condos and HDB flats, landed homes come in many different shapes and sizes and land configurations. As a result, it’s technically more difficult to value and price a landed home than a condo or flat. In real estate, the most common method for pricing a home is known as comparable market analysis or CMA. Using the CMA methodology, X-ValueTM algorithms take your home’s characteristics and look through all the real-time transactions in the market in order to identify the purchase prices of similar homes. The computer benchmarks your home against the similar homes and uses regression analysis techniques to calculate a unique market value for your individual unit. Based on the X-Value, you and your agent can decide whether your home’s unique characteristics (e.g., a new kitchen) warrant listing your home at, above or below the X-Value. For example, if the X-Value is $750...

Full article: http://srx.com.sg/ask-home-prof/6442/5-quick-steps-to-pri...

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