From the course: Real Estate Analysis Foundations
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Market research, part 2 - Microsoft Excel Tutorial
From the course: Real Estate Analysis Foundations
Market research, part 2
- All right in the last video you learned how to use this worksheet here, this model. Before we use it we got to fill it in with some information about the market that you're interested in, right. So remember we had the properties listed for sale. You've got at least three here I hope. And we looked at sales comps, recently sold properties that are very similar in the same market. And we looked at what they sold at and put in their information. Then we also looked at properties, similar properties that are currently being listed for rent in that market. And I hope you have at least three of those also. In this example I went through the market that I was looking at, a part of downtown Las Vegas, where I have seven properties listed, and then I have seven recently sold sales comps, and then I have seven rental comps. So how do you use this now? All right well let's look at the first part. So we've got some information here, this tells us kind of the averages of the properties you're…
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