Showing posts with label Valuation. Show all posts
Showing posts with label Valuation. Show all posts

Monday, February 17, 2020

How Real Estate Appraisers Determine One's Real Property Value

Photo by energepic.com from Pexels

Previously, I was discussing to an old lady about her properties located in Pampanga. She mentioned  to me that she has a number of real estate properties located in the formerly lahar affected areas back in early 1990s. The community or neighborhood of those affected areas are recently revitalized with the return of number of the former residents in their homeland which is mostly agricultural and are located in barrios. 

She was adamant in selling her properties but was asking me a lot of questions regarding the pricing of the said properties. I told her, I have no idea on how much the properties are because it will be hard for me to determine the exact values because there are no definite prices and the property prices may vary depending on the owners.