Are you struggling to find accurate comps for your property so that you know what you are getting yourself to? Are you wondering whether the date range your property manager is looking at is long enough at when it comes to find comps?
With Covid bringing the number of listing down how will that affect ARVs and appraisers?
Join me as I guide on how to go about finding the right comps for properties within your area!
It's clear that COVID has altered the market substantially, and in many ways, irreversibly. We've seen the sharp decline of commercial property value, increase of remote work, and growth of tech-based companies to name a few. But, is should be know:
With the foreclosure moratorium in place, the impacts of COVID on the residential real estate market have not been eliminated - they have simply been delayed. With the federal government attempting to give homeowners time to straighten out their financial positions, the sad reality is that many of them either can't or won't be able to adjust in time. This exposes a significant opportunity for new and experienced real estate investors alike.
Real estate investors should expect a tidal wave of below market properties and flood of renters to the market as the foreclosure moratoriums wear off. With the likelihood of the...