Sentences with phrase «other similar properties in your area»
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.
http://allcountyexpert.com/ Not exact matches
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 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.
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.
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...»
The gross rent multiplier is best used when compared to other gross rent multipliers for similar properties located in the same trade area.
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.
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.
The amount is determined by how much renters are able and willing to pay in your area, and the best indicator is what other landlords are charging their tenants for similar properties.