You may know that there are 9 risks associated with trust deed investing. Today, I will be talking about the second risk, the risk of uncertain property valuation and how to mitigate it.Just like there is inherent risk in trying to determine the value of a business and its stock before investing in it, there [...]
A real estate appraisal also known as a property valuation surveyor or land valuer is the practice for evaluating the worth of the real property on ground, usually its market value, value-in-use, insurable value, investment value and liquidation value. These are to be done to know the right value of a property before decisions are [...]
In residential real estate, the listing price is determined by the seller. Comparables “comps” are analyzed for a myriad of variables including price per square foot, bedroom count, bathroom count, number of garages features (pool, central vacuum, etc), location (cul-de-sac, corner, busy street), views & more.Adjustments are then made to the subject property to render [...]
The site zillow.com is the hottest and newest property valuation site on the web. It seems to show up on every blog and Yahoo Group that pertains to public records.Zillow provides a free home valuation tool which includes square footage, bedroom/bathroom count, historical information, assessed value of homes in the area and a satellite map [...]
The expression “property valuation” has been used interchangeably with “real estate appraisal”.Valuation of property becomes necessary when an informed opinion about the open market value of real property is required. This necessity is based on the reality that there are no two properties that are exactly the same – they will at the very least [...]
Because of the proliferation of information on the internet, many of us aspiring to sell or buy property may think that we can save on the brokerage by directly interacting with the other party in a real estate transaction. Let us look at why we should use the services of an agent instead. 1. Use [...]