The most-often asked question is "What's it worth?"
Whether you find a great deal at www.REOGoldminer.com or a house on your block, valuation is a decision making process that has to be done. Every valuation poses a challenge which an investor must address and select applicable steps in estimating a specific and definite value.
Determining value can also be a type of research project, because, the investor gathers strategically the data needed in the analysis. Valuation process includes the following stages: 1. Gathering of information 2. Analysis of the information 3. Making an Exit plan 4. Making an Wise Offer
Data to be put togehter for valuation analysis must be valid and from a reliable source. www.REOGoldminer.com not only gets you REO deals but provides access to "appraisers secrets for investors" through our comp system. We provide accurate, valid, and current sales data and transfer history for your properties and their comparables. List prices are not reliable evidence, so you must have the closed sales data www.REOGoldminer.com comp system provides.
The collected and verified data must be analyzed in order to derive the ultimate valuation. At www.REOGoldminer.com, we offer the necessary training to teach you what factors to consider when determining valuation.
Don't wait until your offer is accepted and you have closed on the property to figure out how the property fits into your portfolio. Create several exit plans prior to making an offer. This will assist in determining your offer. Knowing whether the house is a "buy and hold" candidate, a wholesale deal, or a retail deal leads the amount you should be willing to spend.
Making an offer is more than just calling a realtor and telling them what you want to get the property for. It also consists of determining the maximum you are willing to pay for a property. A wise investor has this amount in mind before they make their first offer. Spending a little time in the beginning will make you more profits in the end.
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www.REOGoldminer.com will help you find the REO deals you have been looking for and help you valuate them all at the same time. A smart investor selects tools that will give them all the data and skill sets necessary to be a head of the game. www.REOGoldminer.com is the site to find the REO deals and get "appraisers secrets for investors" that will keep you one step ahead of your competition.
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