You have been asked to appraise a 4-bedroom, 2-bathroom home that will be sold tomorrow. He has found 1 comparison property that sold for $325,000 5 weeks from today that has 3 bedrooms and 3 bathrooms. You estimate that the value has been declining at a rate of $5,000 per week since the transaction for that property took place, each bedroom is worth $32,000 and a bathroom is worth $11,000 in the respective market, what is your best estimate of the price?

Answer rating: 100% (QA)

Solution Comparison property sold for 325000 5 weeks ago with 3 bedrooms and 3 bathrooms Value has b... View the full answer