The question most often asked is "What is the property worth?"
Whether you find a great deal at www.REOGoldminer.com or a house on your block, valuation is a decision making process that has to be done. Every valuation poses a challenge which an investor must address and select applicable steps in estimating a specific and definite value.
The investor should turn valuation into a research project, because, the investor gathers systematically the information required in the analysis. Valuation process requires the following steps: 1. Putting together the data 2. Analysis of the data 3. Developing an Exit plan 4. Presenting an 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.
Making an offer is more than just calling a realtor and telling them what you want to get the property for. It also consists of determining the maximum you are willing to pay for a property. A wise investor has this amount in mind before they make their first offer. Spending a little time in the beginning will make you more profits in the end.
Whether you find a great deal at www.REOGoldminer.com or a house on your block, valuation is a decision making process that has to be done. Every valuation poses a challenge which an investor must address and select applicable steps in estimating a specific and definite value.
The investor should turn valuation into a research project, because, the investor gathers systematically the information required in the analysis. Valuation process requires the following steps: 1. Putting together the data 2. Analysis of the data 3. Developing an Exit plan 4. Presenting an 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.
Making an offer is more than just calling a realtor and telling them what you want to get the property for. It also consists of determining the maximum you are willing to pay for a property. A wise investor has this amount in mind before they make their first offer. Spending a little time in the beginning will make you more profits in the end.
About the Author:
www.REOGoldminer.com will help you find the REO deals you have been looking for and help you valuate them all at the same time. A smart investor selects tools that will give them all the data and skill sets necessary to be a head of the game. www.REOGoldminer.com is the site to find the REO deals and get "appraisers secrets for investors" that will keep you one step ahead of your competition.
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