comps also come from the same area and the same, recent time period. For example, if you’re trying to compare a two-bedroom, one-bathroom house, your comps would include other two-bed, one-bath houses in your neighborhood that have sold over the past several months. They might also in...
The short answer’s easy: A house is worth whatever someone will pay for it. The long answer depends on the market and whether you’re asking a lender, an agent or a county tax assessor. Knowing how to calculate your home’s value with the help of online tools and trained professional...
OPEN HOUSES Open houses are a great lead source—and not just for the property you’re showing. Even if you just get neighborhood lookie-loos at the very top of the funnel, open houses give you an opportunity to get your name out there for the future. Instead of having people sign-in...
Now that you’ve got both components of the ARV formula, the final step is to calculate the property’s ARV and check your number by finding comparable properties orreal estate comps. Real estate comps are either recently sold or up-for-sale properties similar to your investment property. Thi...
To calculate a Zestimate for my home – or any residential real estate property for that matter, Zillow utilizes a complex neural network-based algorithm. It integrates data, tax assessment records, and direct inputs from hundreds of multiple listing agencies. Zillow has recently updated theZestimat...
Deal Analysis Tools: To evaluate deals, you’ll need tools to run comps and calculate the ARV (After Repair Value). Platforms like PropStream or Batch Leads allow you to pull property data, analyze deals, and determine the right price to offer. Transaction Management: Once you have a proper...
“I get some houses where someone has lived there for a long time, and the house is in good shape. I also see homes with major disrepairs where someone hasn’t lived there in five years or kept up with it. It’s a pretty big variety,” Close adds. ...
they have access to information that helps make a competitive market analysis (CMA) to inform a home’s value. A competitive market analysis evaluates recent home sales in your area, overall market trends and comparable houses (also known as “comps”) to help come up with an appropriate list...
He enlists the help of Steve, who is a realtor. After taking a walk-through of the house, Steve pulls comparables for the last 12 months for houses similar to Bert's in his neighborhood. These comparables are used to determine the list price for Bert's house. ...
companies, you can calculate industry averages. However, you'll likely need to make adjustments. A private company might deserve a lower valuation than its public peers because its shares are harder to sell (known as an "illiquidity discount") and because it has less access to capital markets...