PricePinner
Estate agents and valuers use comparable sales: recent sales of similar homes nearby. You can do the same.
What makes a sale comparable
- Close by: same street or same small area.
- Recent: sold in the last months, not years.
- Similar type: flat with flat, house with house.
- Similar size: within about 20 % of the living area.
- Similar age and condition.
For flats
Also compare the monthly fee and the association. A flat in a strong association is not fully comparable with one in a weak association.
How many?
Three to five good comparable sales are better than twenty poor ones.
Adjust
No sale is the same. Adjust up or down for floor, balcony, view, renovation and so on.
Practise
In PricePinner, play the homes next to each other on the map. After each answer, use it as a comparable sale for the next guess. That is exactly how professionals think.