Property Values The Most Important Item In Investing
Property Values The Most Important Item In Investing
“What is it worth?” is the most frequently asked question in investing.
Whether you get a deal at www.REOGoldminer.com or a property on your street, valuation is a decision making process that must be done accurately. All valuation poses a problem which an investor must identify and pick applicable ways in determining a specified and definite value.
Determining value can also be a type of research project, because, the investor gathers strategically the data needed in the analysis. Valuation process includes the following stages: 1. Gathering of information 2. Analysis of the information 3. Making an Exit plan 4. Making an Wise Offer
The data gathered for valuation analysis must be accurate and authoritative. www.REOGoldminer.com not only gets you REO deals but gives access to “appraisers secrets for investors” through the comp system. We give you access to accurate, relevant, and recent sales records and transfer records for your deals and their comparables. Asking prices are not valid data so you need to have the closed sales data www.REOGoldminer.com comp system provides.
The collected and accurate data has to be analyzed in order to come up with the final valuation. At www.REOGoldminer.com, we provide the necessary materials to teach you what factors to use when determining valuation.
Don’t wait until the bank accepts your offer and you have closed on the property to decide how the deal fits into your investment plan. Create multiple exit strategies before you even present an offer. This will help determine your offer. Knowing whether the deal is a “buy and hold” candidate, a wholesale property, or a retail property guides the amount you will be willing to pay.
Presenting an offer is more than just talking to a realtor and letting them know what you want to get the property for. It also includes determining the maximum you are willing to spend for a property. A wise investor has this value in mind before they make their initial offer. Spending some time in the beginning will make you more profits in the end.
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