Well there are a number of methods to use to determine the current market value of a property. But the most often used for realtors is the sales comparison approach, in this approach we look at comparable data.
If you have a home on Cable Beach that is 3,000 square feet and 10 years old we need to find properties like that, that have sold in recent years to help determine the market appropriate pricing for your home. Realtors have access to all sales data processed through The Bahamas MLS giving them insights on market value across the country.
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