Cam Dunlap here, with an interesting question that was asked during a recent coaching call. I’m paraphrasing for clarity:
You found a property that could be a good deal: 3-bedroom, 2-bath, 1-car garage. The best nearby comps: similar square footage & amenities, but they’re both 2-bedroom houses. What percentage more is this 3-bedroom house worth?
Obviously the property is worth more because it has that 3rd bedroom.
But how much more?
Well, it depends.
Sorry, not the awesomest answer, I know.
See, it depends on where the house is… and that’s such a broad variable that there isn’t even a
Continue Reading...