• Chattanooga Real Estate Investors Alliance
  • Chattanooga Real Estate Investors Alliance
  • Chattanooga Real Estate Investors Alliance
  • Chattanooga Real Estate Investors Alliance

Making Any Market Work For You

Posted in The Profit August 2017 by Mark Jackson

When we are always confident that real estate comps are solid, we feel comfortable stepping out into any real estate deal. Using REIA Comps will give you a feeling of confidence and complete sense of control of the value for any deal you are doing.  Because things can be so busy these days, it is important to take the steps to make money on any project you pursue.  Learning to work with the highs and lows of any real estate market means longevity for you.

Most realtors do a good job but in a sellers’ market you can probably sell the property yourself.  Remember, nothing beats a failure but a try. If it doesn't sell then you can always call the pros in later. The internet has been a blessing to the average person.  There are multitudes of websites which could be used to market a property. Thousands of people visit those sites looking for a new home.  Even inexpensive ads on the internet are beneficial when trying to get a property in the sold column.  

Making sure the property is ready to show is your first goal.  Buyers and other investors like homes that are clean with a color scheme and flow to it that works well.  Work to make sure that the basics are covered on a property.  Be wise while making those items market ready.  What does that mean?  It means look for inexpensive ways to upgrade and bring the property up to date.  Keeping in mind that while I mention keeping costs low, you should never compromise quality. 

Ever notice how guests tend to always end up in the kitchen? Most people like kitchens and therefore this should the first room to remodel and/or clean and paint. The next most important room is the bathroom. Repair leaks, rust spots, and replace any items or fixtures that may be necessary.  Take a look through REIAComps for real estate comps for properties in the area. Look for upgrades or the lack thereof.  Sometimes when your property offers just a bit more space, just a bit more style, or just a bit more quality, it seals the deal.

Once the property is ready to market you need a real estate broker that is worth their salt.  You should find a real estate broker with proven experience.  Many investors like the larger companies because they give you lots more exposure through their advertising and referrals. Buyers tend to trust them more also.  Ultimately it is your decision which way you go with a broker.

Allow me to leave you with this, always use REIA Comps to determine the best acquisition and ARV for any of the real estate deals you look at.  Don’t for one moment let someone tell you the value of a deal.  Let REIA Comps help you determine that information for yourself. 

About Mark Jackson

Mark Jackson

Mark Jackson is an appraiser, real estate investor and property valuation specialist who teaches others to get more out of their real estate investing business. In 1999, Mark founded an appraisal company and soon found his true gift was analyzing property values for real estate investors. Since 2000, has closed millions of dollars’ worth of his own domestic and international real estate transactions. Mark’s passions are: faith, family, golf and real estate.

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