But once you acquire and make the necessary improvements, the property value will increase both in terms
of comparable sales in the area as well as the income it generates.
An REO property may be discounted based on an undesirable location or severe damage, or it can be overpriced based
on comparable sales in the area or the lender's desire to recoup the money spent.
If the sellers are asking a reasonable amount for the home, based on recent and
comparable sales in the area, then there's a good chance they'll get what they are asking for.
Your real estate agent reviews
some comparable sales in the area and advises you to offer $ 250,000.
Your agent will help you validate the seller's asking price by reviewing recent,
comparable sales in the area — commonly referred to as «comps.»
Your agent will pull up data for recent and
comparable sales in the area (these are referred to as comps).
You can get a rough idea of your property value by looking at
comparable sales in the area.
A new buyer will ask questions like, «What are
the comparable sales in this area?»
If the sellers continue to insist their house is worth more, talk about how appraisers will value the house based on
comparable sales in the area.
Not just 1 or 2 sales comparables either — using your apps you can look at
all comparable sales in the area if you want and generate averages.
This program offers solutions for qualifying properties that may be difficult to appraise due to acreage, distance, and availability of
comparable sales in the area.
GeoWarehouse subscriptions include a number of reports designed to make it effortless to obtain valuable information about a property, its sales history,
comparable sales in the area, neighbourhood demographics and more.
Comps — A list of
comparable sales in your area.
An REO property may be discounted based on an undesirable location or severe damage, or it can be overpriced based on
comparable sales in the area or the lender's desire to recoup the money spent.