Question: I am buying a property in a small subdivision near Dillon where there have been very few sales in the past few years. I would like to study comparable sales in order to get comfortable with the price, but there aren’t any. Where else can I do?
Answer: When sufficient comparable sales data isn't available, some buyers take the seller's original purchase price and add on allowances for property improvements and appreciation that took place during the seller's period of ownership. You also can research county property records for sale information yourself. This is a tedious and time-consuming process, but a local real estate agent or title officer can help. A knowledgeable agent also can provide a rough estimate of annual appreciation.
For answers to your real estate questions, call Allison at 970-468-6800 or 1-800-262-8442. Email - [email protected] or visit their web site at www.SummitRealEstate.com. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field. Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.