{"id":13771,"date":"2010-12-22T09:30:25","date_gmt":"2010-12-22T17:30:25","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=13771"},"modified":"2011-02-09T22:58:02","modified_gmt":"2011-02-10T06:58:02","slug":"how-to-analyze-a-below-market-deal","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/","title":{"rendered":"How To: Analyze a &#8220;Below-Market&#8221; Deal"},"content":{"rendered":"<p>I personally believe that <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/09\/23\/big-picture-week-price-to-income-ratio\/\" title=\"Big Picture Week: Price to Income Ratio\">a reasonable analysis of the local economic fundamentals<\/a> points to another ten to fifteen percent decline in Seattle-area home prices.  However, I also believe that barring a major economic catastrophe that slashes wages and dramatically increases unemployment, buying in today&#8217;s market <em>can<\/em> be a good move <strong><em>if<\/em> you can find a home at the right price<\/strong>.<\/p>\n<div style=\"float:right; margin:0 0 0 10px; width:250px; line-height:1.2em; font-size:85%; text-align:center;\"><a href=\"http:\/\/www.flickr.com\/photos\/the-tim\/5283501420\/\" title=\"Value Real Estate by The Tim on Flickr\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg\" title=\"Value Real Estate\" alt=\"Value Real Estate\" style=\"border:0; width:250px; height:333px;\" \/><\/a><br \/><a href=\"http:\/\/www.flickr.com\/photos\/the-tim\/5283501420\/\" title=\"Value Real Estate by The Tim on Flickr\">photo by The Tim<\/a><\/div>\n<p>Homebuyers in the market today have the ability to minimize downside risk in a way that has not been possible since the bubble buying frenzy begain around 2003.  While everyone relaxes and the housing market pauses over the Christmas \/ New Year holiday break, I thought it would be nice to spend a little time going over a few strategies that will help you keep a cool head if you&#8217;re thinking about buying in 2011.<\/p>\n<p>Here are the subjects I&#8217;ll be covering this week and next:<\/p>\n<ul>\n<li>Comparable Sales<\/li>\n<li>Nearby Rents<\/li>\n<li>Historic Pricing<\/li>\n<\/ul>\n<p>I&#8217;m also open to suggestions of additional ways of analyzing value, so if you&#8217;ve got any topics you&#8217;d like me to cover in this series, drop a line in the comments.<\/p>\n<p>The first post will go live at noon today.  Enjoy!<\/p>\n<p><span style=\"font-weight: bold; font-size: 1.2em;\">How To: Analyze a &#8220;Below-Market&#8221; Deal<\/span><\/p>\n<ul>\n<li><strong>Introduction<\/strong><\/li>\n<li><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/22\/analyze-a-below-market-deal-comparable-sales\/\" title=\"Analyze a &quot;Below-Market&quot; Deal: Comparable Sales\">Comparable Sales<\/a><\/li>\n<li><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/23\/analyze-a-below-market-deal-nearby-rents\/\" title=\"Analyze a &quot;Below-Market&quot; Deal: Nearby Rents\">Nearby Rents<\/a><\/li>\n<li><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/24\/analyze-a-below-market-deal-historic-pricing\/\" title=\"Analyze a &quot;Below-Market&quot; Deal: Historic Pricing\">Historic Pricing<\/a><\/li>\n<li><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/27\/analyze-a-below-market-deal-conclusion\/\" title=\"Analyze a &quot;Below-Market&quot; Deal: Conclusion\">Conclusion<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I personally believe that a reasonable analysis of the local economic fundamentals points to another ten to fifteen percent decline in Seattle-area home prices. However, I also believe that barring a major economic catastrophe that slashes wages and dramatically increases unemployment, buying in today&#8217;s market can be a good move if you can find a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[145,255,342,454,385,421],"coauthors":[],"class_list":["post-13771","post","type-post","status-publish","format-standard","hentry","category-features","tag-appraisal","tag-how-to","tag-overvalued","tag-undervalued","tag-valuation","tag-value"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To: Analyze a &quot;Below-Market&quot; Deal \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How To: Analyze a &quot;Below-Market&quot; Deal \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"I personally believe that a reasonable analysis of the local economic fundamentals points to another ten to fifteen percent decline in Seattle-area home prices. However, I also believe that barring a major economic catastrophe that slashes wages and dramatically increases unemployment, buying in today&#8217;s market can be a good move if you can find a...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/\",\"name\":\"How To: Analyze a \\\"Below-Market\\\" Deal \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg\",\"datePublished\":\"2010-12-22T17:30:25+00:00\",\"dateModified\":\"2011-02-10T06:58:02+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg\",\"width\":\"250\",\"height\":\"333\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How To: Analyze a &#8220;Below-Market&#8221; Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.\",\"sameAs\":[\"http:\/\/SeattleBubble.com\/\",\"http:\/\/facebook.com\/is.totally.pointless\",\"https:\/\/x.com\/The_Tim\"],\"url\":\"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How To: Analyze a \"Below-Market\" Deal \u2022 Seattle Bubble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/","twitter_card":"summary_large_image","twitter_title":"How To: Analyze a \"Below-Market\" Deal \u2022 Seattle Bubble","twitter_description":"I personally believe that a reasonable analysis of the local economic fundamentals points to another ten to fifteen percent decline in Seattle-area home prices. However, I also believe that barring a major economic catastrophe that slashes wages and dramatically increases unemployment, buying in today&#8217;s market can be a good move if you can find a...","twitter_image":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/","url":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/","name":"How To: Analyze a \"Below-Market\" Deal \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#primaryimage"},"thumbnailUrl":"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg","datePublished":"2010-12-22T17:30:25+00:00","dateModified":"2011-02-10T06:58:02+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/12\/Monopoly-Houses.jpg","width":"250","height":"333"},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2010\/12\/22\/how-to-analyze-a-below-market-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How To: Analyze a &#8220;Below-Market&#8221; Deal"}]},{"@type":"WebSite","@id":"https:\/\/seattlebubble.com\/blog\/#website","url":"https:\/\/seattlebubble.com\/blog\/","name":"Seattle Bubble","description":"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f","name":"The Tim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70","url":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","caption":"The Tim"},"description":"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.","sameAs":["http:\/\/SeattleBubble.com\/","http:\/\/facebook.com\/is.totally.pointless","https:\/\/x.com\/The_Tim"],"url":"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6wh0F-3A7","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/13771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/comments?post=13771"}],"version-history":[{"count":0,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/13771\/revisions"}],"wp:attachment":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media?parent=13771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/categories?post=13771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/tags?post=13771"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/coauthors?post=13771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}