Edited Aug 22 2010, 23:35 by Administrator: Solicitation RemovedFinding a new market is a "long/medium term" objective. In our case, we look at more than just the real estate statistics we review demographic data (employment, net migration, income, permits, etc) and try to take a 360 degree view. The book "timing the real estate market" (Campbell) looks at a more formula based approach to evaluating when a market is ripe to invest and discusses these factors in more depth. Some of this data is available on a neighborhood/zip basis other only at the county level.
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As far as ARV you can only do this by carefully examining comps. Also, make sure you account for time in your value. If the rehab is going to take three months look at what the neighborhood pricing has trended over the last two quarters and adjust your projections accordingly. Nothing wrong in Air Max 90 Woven On Feet investing in a market that is still trending slightly downward as long as you are adjusting your ARV accordingly. They don need to be involved in your decision just act as a sounding board; so you can be made aware of the new "garbage dump" or "drug and rehab center" that is beiing considered by the local council for approval just half a mile away! Your local team will pay dividends and the cost to keep them happy is a lot less than a bad flip.
for one reason or another. You need to be able to get front+center of people who have recently decided to sell and are motivated. Not the person who just trolling their home out there and won take a discounted/wholesale offer.
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1)Yes Rented vs Owner Occupied Homes ratios in a given neighborhood is extremley important as more Owner Occupied Homeowners will take care of their block/neighborhood better. Period. They tend to have more organization, block clubs and government influence when it comes to services/police presence/being heard when change is needed.
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to answer your questions:
2) DOM is a good indicator of the seller motivation/willingness to sell low IF the home has been on market for a long time. The Pro of this analysis are that you be contacting (most likely) motivated sellers if your DOM range is 30 days or more. The Con are that lot of other people have already passed Nike Air Max 90 Army
12 months MAX) A realtor is usually needed for this as the MLS is usually the mose current+acurate source of true sold values. Zillow or other free sites simply aren as accurate.
If the underlying trends in a market are poor then that will impact the DOM, etc.
3)ARV is established by running comparable sales of other homes similar to your subject deal. (Characteristics, location, within 6 Air Max 90 Prm Curry
Criteria to evaluate a new market
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