Lets say if I like "A" home, is there a way as to find out as how much
was that home "A" brought from the current or previous owner.
Lets say if the home was built on 1990 and it was brought my 3 owners from the past 19 years , is there a place to find as how much did all these 3 owners brought from each one of them.
I wanted to see the price graph of the home.
Sure.
Your city or county land records or tax assessor's office will have that information. You may also find it online. Where I live, for instance, the tax records are online (do an online search for "[your county] tax assessor"). And where I live, they'll list up to 3 past sales. Usually, where I live, the records will go back to the 1960s, approximately.
Recognize that knowing how much a property was purchased for doesn't really tell you what it's worth. To determine that, ask a Realtor to do a CMA (competitive market analysis) for you on the house you're interested in. That'll give you a reasonably solid number on what the house is worth today. And there's no charge for that service.
Hope that helps.
when you have the address, town hall will tell you all the history, including sales price, previous owners and taxes.
How to value a house:
taking taxes and maintenance costs into account - here's a check on what your house is worth:
take what you could rent it for per year, and divide by 0.06.
So if your house would rent for $12,000 per year, it's worth about $200,000.
If yearly rents are less than 6% of the price of a house, watch out, because house prices are likely to fall more.
The sales history will disclose prior sales and prices based on market conditions at that time. A check with your police department will tell you if, and how often, that property was on their docket - crime scene? Grow-op? Media attention?
A home inspection should be carried out. You don't wanna get stuck with the prior owner's reno headaches, mold problems, radon exposure, or foundation troubles.
And what good will that do you? It was purchased during the bubble times, and is there now during the downturn so that information has no bearing on what the home is now or will be worth
No comments:
Post a Comment