Sentences with phrase «of similar properties in the area»

Make sure you keep any valuations from estate agents and keep adverts for sales of similar properties in your area in case there is a dispute in the future over the price for which the lender sold the property.

The appraiser will go by recent sales of similar properties in the area as a guide.

SmartAsset points out that considering the rent of similar properties in your area can help you avoid charging rent that's too high, which can make it difficult to find quality tenants.

Not exact matches

They include a case study of a client named Paul who parlayed equity in his downtown condo into 20 similar properties in the same area, resulting in $ 10,000 a month of positive cash flow.

This is so they can judge the current value of the property accurately, and so give you the most up to date quotation regarding how much you can borrow against the property.The appraisal will inspect the internal and external up keep of the property, the quality of local amenities and services in the local area, and the recent selling price of similar homes in the vicinity of your property.

Whether you're eyeballing investment properties in one of Zillow's hottest real estate markets or looking at other areas with similar attributes (income, rent and population growth, low unemployment, etc.), market appeal ultimately depends on your personal investing criteria, according to Beasley.

The biggest selling point of foreclosed homes is, of course, their marked - down price — often significantly lower from other similar properties in the same area (known as comparables, or comps, in broker - speak).

The very fact that results from boreholes in various parts of the world, drilled through rock of different thermal properties, in areas of demonstrably different thermal gradients, show remarkably similar results, might indicate more wishful thinking than science.

He helped found the ODR system now part of Consumer Protection B.C., and he's working on similar initiatives in areas like the recently launched Property Assessment Appeal Board ODR tool for residential appellants.

We will investigate whether there has been a history of similar accidents or crimes that have occurred in the area or on the premise and whether the property owner or manager could have (or should have) done anything to prevent your injuries.

Owners of an investment property, maybe in a resort area, or someone who is renting out their home while trying to sell it, typically want insure it with a policy similar to what they have on their full - time residence.

Similar to a home inspection that can reveal flaws in a property, Gallegos maintains that energy audits, where blower door tests and infrared technologies are used to diagnose the energy efficiency of a home, are an equally important tool for homebuyers because they can reveal areas in a home that waste energy which means higher costs.

Help your buyer understand all the related facts of sales in & around the area of similar properties.

I currently have a growing property management company consisting of about 250 units in the Dallas / Fort Worth area and I am looking for owners of similar sized companies to network and brainstorm growth strategies.

The comps should compare other properties in the area that are similar in age, lot size, condition, number of rooms, number of bedrooms and baths, garage, and basement.

The most banks, and particularly Humongus make a distinction between the market value of a property (the value of a property in relation to similar properties in the area and the price that the buyer and seller agree is «fair» and «reasonable») and the properties value for mortgage purposes (the discounted value that the bank will accept in granting a mortgage).

Buyers also want to know which part of the market the center serves, who the tenants are, what kinds of rents are currently being charged and how they compare to similar properties in the surrounding area, as well as how much competition is out there.

Factors that are included in a CMA would be the average price per square metre in the area, recent sale prices of similar homes and comparative prices of other properties that are still on the market.

«Because a resident is acquiring the right to occupy the property, but not a full ownership right, the purchase price of a life right may be lower than a house or apartment of similar size in a comparable area,» he explains.

In my listing presentations, I point out the most recent sales, expired listings, the prices of similar listings, and the average number of days that area properties are on the market.

In my opinion, for the condition of the property it was priced alright for the area, the thing that was preventing it from selling was the very high property taxes (much higher than similar properties in the area), and I don't think the broker really marketed the property very welIn my opinion, for the condition of the property it was priced alright for the area, the thing that was preventing it from selling was the very high property taxes (much higher than similar properties in the area), and I don't think the broker really marketed the property very welin the area), and I don't think the broker really marketed the property very well.

For example, you can now impress them by addressing everyone at the listing presentation by name because you already know their names, and showing your knowledge of the seller's property by saying, «I've researched other homes in this area that also have three bedrooms and two baths with similar upgrades to your home, and here's what I found...»

CMAs give an overview of what is actually happening in a particular area, such as the percent of list price that sellers are receiving, current inventory in the area and days on market for similar properties.

When to Ask for a Reassessment If your home assessment is based on similar properties, then check on sales of homes in your area.

Comparable Sales Recent sales of similar properties in nearby areas and used to help determine the market value of a property.

If your rental is drawing in the kinds of applicants that you are looking for, talk with your property manager to ensure that the asking monthly price is competitive and compares to other similar properties in your area and that are relatively the same age.

Based on an acquisition price of $ 1,000,000, the resulting gross rent multiplier in year 1 is 5.93 x. By itself this doesn't tell you all that much, but suppose you've been underwriting several other office buildings for sale in the same area and you have determined that the average gross rent multiplier for these similar properties is 5.00 x.

Through the Comparative Market Analysis, I can evaluate the prices of properties similar to yours that have recently sold in your area.

Now when working on deals you can load your GeoWarehouse report and MLS listings into Dropbox and when on the go use your real estate apps to pull up information about the property's history, sales of other similar homes in the area, neighbourhood demographics and more.

We take into consideration what similar homes have sold for in your area, the current market conditions and the condition of the property.

My estimate was based on properties of similar size in the same area And yes definitely will get a full inspection of roof / house before purchasing Appreciate your input

These include the condition of the rest of the house, the value of similar homes nearby, and the rate at which property values are changing in the surrounding area.

Ask friends and family, post on social networks or introduce yourself to the owners of properties in the area who are having similar work done.