Appraisers have an obligation to establish the worth of a property based on comparable sales in the identical geographic area. They use public information, the price of houses that sold lately with the intention to arrive on the value of the topic home. It isn’t a precise science, and sometimes their opinions should not in style with any of the events to the transaction. Tax assessment values are also used to help determine market values. Typically the values determined by county tax assessors don’t reflect market values intently at all.
While evaluating the sales with these of the previous year, it’s observed that there was an appreciation in the average per-sq. foot rate for residential properties in Pune by 19.32 %. This translates into a worth hike of about 800 to 1000 rupees per square foot. That is unlike Mumbai, which has not too long ago seen a fall. With …
Read More