Run through an example of using the comparable sales approach to valuation.
- For residential homes, condos, townhouses,…and small rental apartment buildings,…the comparable sales approach…often provides a great estimate of market value.…If you want the probable price of a specific property,…the one that will likely sell at,…find out the selling prices, the deal terms,…and the features of recently sold similar properties…that are near your target property.…The more closely the comparable properties…resemble your target property,…and the closer in proximity, the better and more accurate…your estimate is going to be using this approach.…
Let's see how this approach plays out.…Alright, so what we're looking at here…is the comparable sales approach…to arriving at a market value estimate.…To do that we need comps.…So now we're doing this for…a 1600 square foot house in this market.…So some of the comps they got to be close to that, right?…Here are the comps, they range from…a little over 1500 square feet…to something just under 1700 square feet.…
They're all kind of in that range.…They're all four bedrooms.…
Note: This course uses data and example properties from the United States, but the concepts taught and tools provided are just as useful for any market.
- Determining if real estate investment is right for you
- Choosing a market and a property
- Using financing
- Strategies for first-time investors
- Real estate market cycles
- Valuing a property
- Analyzing your market
- How leverage impacts investments
- Real estate investment case studies
Skill Level Appropriate for all
Excel: Analyzing and Visualizing Cash Flowswith Curt Frye1h 16m Intermediate
Learning Real Estate Photographywith Scott Hargis3h 21m Beginner
Managing Your Personal Investmentswith Jane Barratt1h 31m Appropriate for all
Start here3m 29s
1. Case Study: Joe's First Investment
2. The Many Ways to Invest in Real Estate
3. Real Estate Market Cycles
4. How to Value a Property
5. Understanding Your Market
6. What Makes a Good Investment?
7. Understanding Leverage
8. Case Study: Rental Income Property Analysis
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