Learn the secrets of comparable sales to determine property value in Jersey City.

This class is Module 33 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• How do you know if you’re paying a good price for a property you’re buying (not too high)?


• How do you know if you’re getting for a good price for a property you’re selling (not too low)?


• Why use comparable sales to determine a property’s value


• What makes a property comparable?


• What are the most important factors for finding true comparable properties?


• How do you find comparable sales to use?


• How to use sold comparable sales and how to use active for sale properties when doing comps


• What range of square footage should use for comparable sales?


• How do you deal with outliers?


• What should you use for proximity when determining comps?


• How do you compare properties of different types or styles?


• How do you deal with the age of a property for comps?


• Narrowing the net to come up with a handful of really good comps


• Addressing your current competition in actively listed, comparable properties


• Reconciling asking price versus sold price


• Why and when you might want to get access to the MLS


• A warning when you can’t find many comps


• What are the value of upgrades when comparing properties?


• What is so important about market-based adjustments?


• Stable markets versus changing markets: how far back should you go for sold comps?


• Comping income properties versus owner-occupant properties


• List of websites to get free comps from


• How accurate are automated valuations (like Zillow, Redfin, etc)?


• Determining value and comparable sales


• Walking through a property’s value on the free comp websites as an example


• A tool for plotting square footage versus price to determine your property value


• The importance of buyer’s eyes as the final step when determining price


• Plus much more...

Check out the video and additional resources related to Secrets of Comparable Sales.

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