How is the selling price of a house determined?

How is the selling price of a house determined?

Calculation on Rental Price

The price of a house can be measured by the rental price, although it does not always give the correct result. Although there are many different parameters on the sale price of the house, there is an average rate of 200-220 times between the rental price and the sales price. Imagine that the average return time for a house with a rental price of 2,500 TL is 17 years. In this case, your investment in home for 17 years, in 204 months, is returned to you. As a result, you can calculate the value of your home as 2.500 × 204 = 510.000 TL. You should remember that the turnaround time is longer in larger cities, differing from city to city, 

Features that Increase the Price of the House


The price of a house also increases its features: its central location, distance to the means of transportation, having a special view, having a sunlit facade, age of the building, etc. On the other hand, the fact that it takes place in a new building or even in branded housing projects that stand out with its social equipment can increase the sales value of the house compared to other houses for sale in the same region.

Compare

One of the best price determination methods is to conduct a price search for other houses for sale in the area where the house is located, which have similar characteristics (neighborhood, location advantages, square meters, number of rooms and bathrooms, floor information, etc.). You can use all the data you have to determine prices and compare with other houses.

 

Also, you should definitely prepare the answers to these questions. Because these questions are a candidate for negotiation with the buyer.

Has an earthquake-related precautionary practice been implemented in the building where the house is located?

Are their real qualities the same as the information written on the land registry?

Does the residence have a condominium?