Since our first round of Guess the Price was a popular success (results here), I thought we should have a go at round two. This time around we’ll bring it closer in with a recently-listed remodel flip in Capitol Hill. Here’s a refresher course on how the game works. I’ll describe a home that’s currently…
Tag: appraisal
Guess the Price Contest: We Have a Winner!
Recall the contest posted to these pages on December 14th: Guess the Price & Win Dinner on The Tim Let’s play a new game that I’m calling “Guess the Price.” Here’s how the game works. I’ll describe a home that’s currently on the market, giving you as many pros and cons as I can, and…
Analyze a “Below-Market” Deal: Conclusion
by Flickr user woodleywonderworks The perpetual motto of real estate salespeople that “it’s a great time to buy” is still a load of nonsense. It’s only a great time to buy when your personal finances, your stage in life, and the right home at the right price all come together at the same time. Granted,…
Analyze a “Below-Market” Deal: Historic Pricing
Our final method for determining whether or not a home is a good deal is to compare the current asking price to the historic sale prices of the same home during pre-bubble years. The simplest method is to find the oldest sale record available for the home and compare the total percentage gain from that…
Analyze a “Below-Market” Deal: Nearby Rents
Unfortunately when you’re looking at single-family homes, it can be difficult to get an accurate read on what people in the neighborhood are currently paying in rent. However, studying asking rents in the rental section of Craigslist is the next best thing, and it is definitely better than nothing. photo by The Tim Do a…