Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.

Monthly Archives: August 2011

Which IS Which?

It is very common for people to confuse short sales with foreclosures. Each type of property is an option when investing in residential property. The prices tend to look the same when searching real estate comps as well.  However, there are differences between two that can influence which property to invest in.

A short sale occurs when the homeowner is upside down on the mortgage. This means the mortgage is worth more than the value of the house. The homeowner owes more than the house is worth. The homeowner negotiates with the lender to avoid going into foreclosure. For this type of deal, the lender agrees to accept less than what it owed on the mortgage. Essentially, the lender is agreeing to sell the home for a loss.

A short sale takes more time than buying a foreclosure because the terms of the agreement are subject to the approval of the lender. Even if you and the seller agree to the terms, the lender might not. It could take more time to renegotiate the terms to meet the lender’s approval.

Foreclosures are another option when investing in residential property. A foreclosed home has already gone through the foreclosure process. The homeowners have received the notice of default from the lender and a notice of sale has gone out. In order to recoup some of their losses, lenders send foreclosures to a trustee’s sale to be auctioned off on the courthouse steps.

Short sales have never entered the foreclosure process. Also, unlike short sales, you cannot inspect a foreclosure before buying it. However, foreclosures are easier to buy than short sales when investing in residential property. Just make sure to have money set aside for repairs in the budget as short sales can also be sold “as is.”

Both short sales and foreclosures can be great bargains when investing in residential property. It is important to use your InvestorCompsOnline access to do your research to make sure you are paying the right price and to make sure you have a clean title.

 

Being In The Know!

The housing market slump and the glut of foreclosures have made bank owned properties, also termed REO’s, a hot commodity for savvy real estate investors.  As a real estate investor, you can benefit. These properties are expected to generate billions for investors. Just take a look at current real estate comps, there’s never been a better time to invest in these types of properties!

Why The Bank May Be The Best Place To Buy REO Properties

With so many homes in foreclosure, banks are no longer in the business of saving and loaning money; they’re real estate holding companies. When a property is not sold at foreclosure, it goes back to the original owner — the bank.

Banks now own thousands of homes. That’s made it even more appealing for investors. The sheer number of these homes has made it easier for real estate investors to buy these properties. You can get virtually any type of property, from single-family and multi-family homes to commercial properties, vacant land and even farms.

Many novice investors believe that these properties are sold for pennies on the dollar. This is usually not the case, except when they are bought from private investors who buy bulk, distressed properties at wholesale prices. A private real estate investor buys these properties for pennies on the dollar and can pass the savings on to real estate investors.

Learning which properties are worth a second look and which to pass on takes training.  InvestorCompsOnline can offer you the support and training to teach you how to profit on every deal.  I encourage you to visit our site and start making money today!

The Ultimate Win!

We as investors know that an accurate property valuation using solid real estate comps is extremely important. The accuracy of this valuation is determined by the property valuation methods that are used. At the very least it quite simply determines if you can or can not buy a house. Additionally, it also determines if the bank will or will not lend you the money to buy it.  

Let’s take a quick look at the two main types of valuation methods,  market data approach and the income approach.  I also want to take a look at how each are used:

The most popular property valuation methods used is the market data approach. This approach attempts to compare the property with similar properties in the area and find the value that way.

Of all the property valuation methods available, the income or investment approach will be of particular interest to investors. This method uses the ratio between the cost paid for the property and the income from that property to determine whether it is an effective property investment. For example, it takes the cost of a residential rental property and compares it to the rental income.

Aside from gaining equity and leverage in a property, the income approach to a property appraisal ensures the investor is focusing on the all important bottom line of the investment as well.

How can YOU as the investor use these methods to prosper?  Couple them with your support and information received from InvestorCompsOnline and you will have a win-win scenario every time!!

 

A Perfect Partnership

Real estate comps give us the information we need to make sure that we don’t over pay for a property.  We also use them to help us decide on a price once that property is ready to be sold.   

This week I discussed several topics,  which foundational elements are important to reach your real estate investment goals, the importance of doing your due diligence and footwork (literally) when researching properties,  and of course the ever important real estate comps that govern which properties you deal with.  All of these point you to…….

InvestorCompsOnline!  Our EXPERT advice and support system walks with you as you strive to attain your real estate investing goals!  Whether it’s your first deal or you’re looking for a back-up for your daily deals I am confident we have a plan to help you!  Click HERE to see what plans we have to offer!!

Looking forward to working with you soon!

Does IT Make The Cut?

Investors turn to real estate comps to figure out how much a property might be worth to give them insight on bidding. InvestorCompsOnline provides you with the platform to work with current and accurate comps every time. However, finding the right comps to match the type of property you want to buy is the tricky part. If you can only find houses sold over a year ago, you should probably estimate appreciation in the area or if in a distressed market depreciation. If one sold with seller financing, you have to adjust for how this affected the price. These complications make it tough to appraise your own home, so what if you need help?

There are other ways to find out what a property is worth. You can pay for a professional appraisal. This way you will also have something to show to prospective buyers who doubt the value. Be sure to tell the appraiser about anything he or she might miss, like a newer roof, or specially imported tiles.

Once you have the knowledge of what a property is worth then you can bid confidently, invest wisely, and resale with valid information.