Sentences with phrase «what similar properties in the area»
Investopedia advises landlords to find out what similar properties in the area are renting for, in order to price yours accordingly.
https://sparkrental.mysmartmove.com/ Not exact matches
The best way is to check out comps — what similar properties are selling for in the area — «and whether those prices have been going up or down in the recent past,» says Felise Eber, a Miami Beach real estate associate with Coldwell Banker.
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.
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.
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.
The private lender reviews the price, how much the improvements will cost and what the final value would be based upon a fully rehabilitated property, as compared to what similar properties are currently selling for in the area where the property is located.
We take into consideration what similar homes have sold for in your area, the current market conditions and the condition of the property.
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.