Evaluating The Value Of A Property

Comments(5)

• 
  ryand4th July, 2005

  No i would say that is is not accurate because the townhalls dont do assesments very often. around here i think they do them every 5-10 years. most of the houses i come across are way to low. for example if the assessment if 70k then the appraisal should be 100k. but i find that the appraised/market value is really about 150k. So it is common to have a 50k difference..

• 
  d_random5th July, 2005

  jhlu87, we are all still learning. Here is a site with free comps, you just have to register (for free) to get all the listings:
  
  http://www.nationalcitymortgage.com/pr.asp?menuid=839

• 
  edmeyer5th July, 2005

  In CA you will be pretty much limited to those properties that you can acquire at a deep discount. You might be able to keep some of them and rent them, but they may be too expensive for rentals.
  
  You might want to look out-of-state--preferably to places where values are just starting to go up significantly.

• 
  ray_higdon6th July, 2005

  You find investors by calling the we buy houses signs and ads in the paper. I would reccomend getting on the phone in your area to talk to realtors, property managers and handymen asking them who invests in your area. Identify those investors first and what their criteria is for buying properties, it will make your job easier.
  [addsig]

• 
  greenbax7th July, 2005

  Tami,
  If your not familiar with construction costs, I suggest you have a reputable contractor or handyman look at what needs to be repaired and provide you with an estimate. It takes a little leg work, but until you have a little more experience it will be worth it. This will start to give you an idea of what things cost.
  Just my 2 cents,
  Chris