To identify if a property is overpriced you must look at recent transaction data for similar units in the same building or community. Do not rely solely on the asking price listed on portals. By comparing the price per square foot of actual sold uni…
To identify if a property is overpriced you must look at recent transaction data for similar units in the same building or community. Do not rely solely on the asking price listed on portals. By comparing the price per square foot of actual sold units you can determine the fair market value. If a seller is asking for significantly more than the recent average without a clear justification like upgrades or views it is likely overpriced.
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