<--Back to Wiki Home

Define Direct Market Extraction in Real Estate

Direct Market Extraction: 

"Direct market extraction" is a way to figure out the value of a property by looking at similar properties that have been sold or rented recently. By comparing the prices and features of these properties, you can get a good idea of what your property might be worth.

Example: 

For example, let's say you have a house with three bedrooms and two bathrooms. To find the value of your house using direct market extraction, you would look at other houses in your neighborhood with the same number of bedrooms and bathrooms that have been sold recently. If those houses sold for around $300,000, then your house might also be worth about $300,000.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

In the land of homes and lots, where values rise and fall,
"Direct market extraction" helps, to find the worth of all.
We look around at other homes, that have been sold or lent,
And from their prices, we extract, what our own home's worth is meant.

Imagine now, a cozy house, with bedrooms numbering three,
Two bathrooms there, and now we ask, what's this home's worth to be?
We search the neighborhood and find, more houses just the same,
Their prices tell us, loud and clear, our home's value to claim.

"Direct market extraction" works, by looking far and wide,
At other homes, like ours, you see, where prices won't hide.
In the land of homes and lots, where values often shift,
"Direct market extraction" guides, our home's worth as a gift.