You look at other houses people are buying. He had priced it too high, and the cost of holding it, heating it (it was empty) and fixing the deterioration costs him tens of thousands of dollars. It would be nice to be more certain about these things, but in the end, the most we can hope for is a “best guess.” http://www.HousesUnderFiftyThousand.com/real-estate-appraisal.html It isn’t as complicated as it sounds, but it isn’t as accurate as we would like either. You don’t want to look at what others are asking in any case, because that doesn’t tell you what [...]
Real Estate for sale byowner
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