 When your analyzing a subject property for key values and metrics in order to make a sound investment decision, your going to need to start with the raw comparable sales data. Although an official CMA (comparative market analysis) from a licensed Realtor is the preferred method and source of evaluation, there are many free and paid websites online that allow investors to reference "comps" online. I have a complied an on going and up to date list each year for my fellow investors.
Once you've determined your values you can then use your formulas to make offers to sellers and prepare presentations for clients like private lenders and buyers. I wish I had a list like this when I got started in real estate investing years ago. Keep in mind these websites can have up to 70% of what sales are available on your local MLS (multiple listing service) so the more sources you utilize and compile, the better. Here is the list: https://www.redfin.com/what-is-my-home-worth http://www.zillow.com/how-much-is-my-home-worth/ http://www.homegain.com/homevalues http://www.totalviewrealestate.com http://www.homes.com/Home-Prices/ http://www.trulia.com/sell?sem=SellerLeads_Radius_Targeted_UD_value_values%20home&ts=Google&tscamp=Radius_Targeted_UD http://www.propertyshark.com/mason/text/infopages/comparables.html http://www.citi-data.com http://www.ziprealty.com/home-value-estimates http://www.eppraisal.com/ http://www.homesandland.com/Home-Values.html http://www.remax.com/homevalues/search/ https://www.citimortgage.com/Mortgage/Home.do?page=homeValueFinder http://www.realestateabc.com/home-values/ http://www.pmz.com/homevalue/ http://www.realtor.com/homevalues?source=web https://express.realquest.com/propertyvalue.aspx http://realestatecenter.bankofamerica.com/tools/marketvalue4.aspx https://www.chase.com/mortgage/mortgage-resources/home-value-estimator http://www.firstteam.com/homevalueestimate.aspx I wish I had a list like this when I got started in real estate investing years ago. If you'd like to receive post like this as soon as they arrive, join our mailing list and get the REI Rockstar Newsletter - Click Here. - Randy, The REI Rockstar |
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DISCLAIMER: The REI Rockstar site is here to provide real estate education, training and social networking without the promise/claims of earnings or return on investment. We don't offer tax, accounting, financial or legal advice. Before doing any real estate transaction, you should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of that transaction. This site accepts and contains posts from our students, readers and the general public that we do not modify but also do not verify. There are no guarantees implied except where specifically stated. Notice: Any statements of income or earnings are either examples or estimates of potential income and should not be considered typical. There is never any guarantee of earning profit or avoiding loss. Success in real estate, as with any business, requires significant effort, skill and persistence. There are many factors that impact results, some of which you can control and some of which you cannot. Any effort to invest in real estate is done at your own risk and we recommend always performing your own due diligence. This presentation and supporting information is for educational purposes and should not be considered legal or financial advice and it is always recommended that you seek the advice of professionals. You agree that The REI Rockstar, its affiliates and employees are not responsible for the success or failure of your business decisions relating to any information presented by our company or our representatives.
DISCLAIMER: The REI Rockstar site is here to provide real estate education, training and social networking without the promise/claims of earnings or return on investment. We don't offer tax, accounting, financial or legal advice. Before doing any real estate transaction, you should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of that transaction. This site accepts and contains posts from our students, readers and the general public that we do not modify but also do not verify. There are no guarantees implied except where specifically stated. Notice: Any statements of income or earnings are either examples or estimates of potential income and should not be considered typical. There is never any guarantee of earning profit or avoiding loss. Success in real estate, as with any business, requires significant effort, skill and persistence. There are many factors that impact results, some of which you can control and some of which you cannot. Any effort to invest in real estate is done at your own risk and we recommend always performing your own due diligence. This presentation and supporting information is for educational purposes and should not be considered legal or financial advice and it is always recommended that you seek the advice of professionals. You agree that The REI Rockstar, its affiliates and employees are not responsible for the success or failure of your business decisions relating to any information presented by our company or our representatives.