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How much is my home worth?
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[QUOTE="Alexandoy, post: 198089, member: 25510"] I am aware of the market value of lots in our village but I cannot say the same for houses. Some 20 years ago we bought our home for 1.6 million (that's in Philippine pesos). It was a fair price and some neighbors said that the actual value at that time was 2 million. The area by the village gate was grassy and muddy during the rainy season. After 7 years a small commercial center was constructed on the left side of the village. That's when I noticed that the selling price of lots here was rising. After several years a bigger commercial building was constructed on the right side of the village gate. Now the value of our property is estimated at 7 million to 8 million all because of the development. But if someone would offer to buy our home maybe I would tag a price of 10 million. [/QUOTE]
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