core value report (demo)
DESCRIPTION
Still using comparable sales and comparable listings to value a luxury home? Don't. Luxury homeowners built or bought their homes because they were incomparable, not comparable. To speak in terms of "comparables" is to speak a foreign language they don't understand. Luxury buyers can buy anything and don't care about past sales or how much others are asking. They want a deal. After all, they are probably cash buyers and smart. They want to buy something at a discount. The solution: calculate the "core value" of a luxury property before you get into comparable sales and comparable listings. Why? Because the "core value" is often higher than comparable listings, as explained in the books Power Marketing and Getting the Highest Price. That means you can offer the property at the discount luxury buyers demand.TRANSCRIPT
Your Name Here
Your Firm Name Here
Core Value Calculatorfor
Mr and Mrs. David Michonski
Low High
The property has land worth $625,000 $630,000
The house is worth $352,000 $440,000
Amenities are worth $0 $0
Replacement Value is $352,000 $440,000
Discount for age of house is determined to be between $105,600 $132,000
No discount for land or for amenities which were recently installed 0 0
Total land downwards adjustment is $-10,000 $-10,000
Total house downwards adjustment is $-50,000 $-50,000
Other adjustment range between $27,510 $30,300
Core Value of property is $944,510 $1,040,300
While the Core Value Calculator can give an accurate indication of the depreciated
replacement value of a property adjusted for many variables, its accuracy depends on the
data entered into it by the agent providing the report and/or the entity supplying the
information. Power Marketing.pro, Inc specifically disclaims any liability for mistakes found
in the Core Value Calculator. All information should be independently checked against
publicly available sources. Power Marketing.pro, Inc is not responsible for errors of
information inputted by the user that results in inaccurate results.