Secrets of Comparable Sales
Learn the secrets of comparable sales to determine property value in Pueblo.
Learn the secrets of comparable sales to determine property value in Pueblo.
This class is Module 33 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- How do you know if you’re paying a good price for a property you’re buying (not too high)?
- How do you know if you’re getting for a good price for a property you’re selling (not too low)?
- Why use comparable sales to determine a property’s value
- What makes a property comparable?
- What are the most important factors for finding true comparable properties?
- How do you find comparable sales to use?
- How to use sold comparable sales and how to use active for sale properties when doing comps
- What range of square footage should use for comparable sales?
- How do you deal with outliers?
- What should you use for proximity when determining comps?
- How do you compare properties of different types or styles?
- How do you deal with the age of a property for comps?
- Narrowing the net to come up with a handful of really good comps
- Addressing your current competition in actively listed, comparable properties
- Reconciling asking price versus sold price
- Why and when you might want to get access to the MLS
- A warning when you can’t find many comps
- What are the value of upgrades when comparing properties?
- What is so important about market-based adjustments?
- Stable markets versus changing markets: how far back should you go for sold comps?
- Comping income properties versus owner-occupant properties
- List of websites to get free comps from
- How accurate are automated valuations (like Zillow, Redfin, etc)?
- Determining value and comparable sales
- Walking through a property’s value on the free comp websites as an example
- A tool for plotting square footage versus price to determine your property value
- The importance of buyer’s eyes as the final step when determining price
- Plus much more...
Check out the video and additional resources related to Secrets of Comparable Sales.
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