When it comes to pricing a home accurately, a Comparative Market Analysis (CMA) is a real estate agent’s secret weapon. But how many “comps” (comparable properties) do you actually need for a reliable CMA? Let’s dive in. What is a CMA? A Comparative Market Analysis (CMA) is an essential tool in real estate, providing an […]
How Many Comparables Should Be Used for a CMA? Read More »
A Comparative Market Analysis (CMA) sounds intimidating, but it’s a core skill for any real estate agent. Whether you’re setting the listing price for a selling client or helping a prospective buyer gauge a potential offer, the CMA helps you understand a property’s true market value. Thankfully, creating a simple CMA doesn’t have to be
How Do I Create a Simple CMA? Read More »
Whether you’re a seasoned real estate investor or a first-time homebuyer, conducting a thorough property analysis is crucial before making a major financial decision. A property analysis delves into the essential factors that determine the value, potential risks, and overall attractiveness of a property. Let’s break down the key components: 1. Market Analysis A comprehensive
What is Included in a Property Analysis? Read More »
Redfin is a popular real estate platform that offers a variety of services, including its well-known Redfin Estimate, a tool that provides an estimated market value of homes. But how reliable are these estimates, especially when it comes to making significant financial decisions? What are Redfin Estimates? Redfin Estimates are automated home valuations generated by
How Accurate are Redfin Estimates? Read More »
The 1% rule has been a tried-and-true guideline for real estate investors for years. It’s a simple calculation: a property’s purchase price should generate at least 1% of that price in monthly gross rental income to be considered potentially profitable. For example, if you buy a property for $250,000, it should rent out for a
Is the 1% Rule in Real Estate Dead? Read More »
In real estate, Zillow has become a household name, with its Zestimate feature often being the first port of call for homeowners and potential buyers alike. This digital innovation promises a quick glimpse into the potential value of properties. But how accurate is a Zillow estimate? What is Zillow’s Zestimate? Before we delve into the
Is Zillow Estimate Accurate? Read More »
Dive into the world of real estate investing with our exploration of the ‘100 Rule’. This strategic approach is not just about numbers, but a deep dive into market research, selective investment, and skilled negotiation. Whether you’re a seasoned investor or a novice, learn how the 100 Rule can revolutionize your investment journey and turn knowledge into profitable power.
What is the 100 Rule in Real Estate? Read More »
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