HOW TO ESTIMATE HOME VALUE
ESTIMATING PROPERTY VALUE AS AN INVESTOR
All successful investors have this one thing in common: they diligently research their deals and make sure they have the most accurate and up-to-date data at their fingertips to make an educated decision. Having a quick and reliable system for estimating property value can often times lead to the success or failure of a deal so you won’t want to ignore this important aspect of your real estate investing business!
Continue reading to learn more about what you need in order to make an accurate value estimate and how to effectively implement them in your business!
WHAT YOU NEED TO ESTIMATE PROPERTY VALUE
All property value estimates involve a solid understanding of the market you’re buying in. Here’s a few data points you’ll want to take into consideration when estimating property value:
- Sales History: What the property has sold for in the past.
- Comps: What similar homes in the same area have sold for recently.
- Physical Features: Including lot size, landscaping, type and quality of construction, # of rooms, etc.
- Location: Nearby schools and neighborhood condition that can affect home value.
Once you have the above information you will be able to get a better understanding of what kind of price you need to make a deal. Now that you know what you need in order to come up with your property value estimate the question you may be asking yourself is “how do I get this information?” Continue reading to learn about Cogo Capital’s Property CDNA reports!
PROPERTY CDNA REPORTS
WHAT IS A PROPERTY CDNA REPORT?
A Property CDNA Report is a technology driven report, or Automated Valuation Model (AVM), which provides a quick and inexpensive way to estimate a property’s value. The report contains a variety of data points including:
- Sales History
- Current Listings
- Nearby Schools & Transportation
- Inventory
- Comps
- Market Specific Information
- Local Foreclosure Impact
This information is fed into a mathematical formula that produces one of the most accurate AVM estimates on the market. In fact, many investors utilize property collateral DNA reports with every purchase they make in addition to a formal appraisal just for the valuable data it provides.
If you’re looking for high quality data to assist with your investment decisions look no further than Cogo Capital’s Property CDNA Report! Click below to get yours today!