How Investors Determine Market Value In An Instant!
If you're an entrepreneur investing in real estate who's not sure how to get a fast real estate appraisal to determine the value of property, you'll have a hard time achieving financial freedom.You need to be able to quickly run your own real estate appraisal on any property anywhere, in any market, fast. In doing so, you can bring yourself closer to financial freedom as a real estate entrepreneur by quickly determining which areas of real estate fit your criteria to focus on -- and which ones you need to avoid. Plus, being able to do your own informal real estate appraisal is important, since private real estate sellers usually have no idea how much their home is worth. If you take ages to come up with a real estate appraisal of your own, you could be jeopardizing your own financial freedom.
Paying someone for a formal real estate appraisal or taking too long to create your own real estate appraisal or assessment can mean that other investors snap up the real estate that can bring you closer to achieving financial freedom. if you're a determined entrepreneur eager to make financial freedom a reality, then generating your own real estate appraisal is a snap.
Here's how: call three real estate brokers or agents and ask them to send you what is known as "comparables" for each neighborhood you are considering buying real estate in.
Through fax or email, they can send you properties in a specific area that have been listed and sold in a neighborhood within the past six months.
Once you have this information, begin your real estate appraisal by combining the total prices of the properties and dividing by the number of properties in total. This gives you an average price for properties in the neighborhood.
That's it.
You have the simple technique that many a real estate entrepreneur uses to create their own real estate appraisal and gain financial freedom. If you want a more detailed real estate appraisal, take all the properties within a specific neighborhood, figure out the price per square foot of each listing and then divide by the total number of listings.
Take the total sum and divide it into the sales price you found in the first part of your real estate appraisal. This gives you the average square foot price per home in the area. Now, you're a real estate entrepreneur who can easily compare what a specific sized home in a specific area should cost.
My recommendation: Find homes below this price (Hint: by using your free trial membership at INSTANTRealEstateSolutions.com) and you'll be well on your way to financial freedom as a real estate entrepreneur.
On a final note, I'm going to let you in on a relatively unknown secret.
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Cheers, Brad Wozny
About the Author:
- Brad Wozny is a full time real estate developer, entrepreneur, producer, and investment trainer. Visit us at http://www.INSTANTRealEstateSolutions.com/