LVT, The Basics Please
What is the best way to go about finding property that is offered for sale at below market value? I understand that doing comps and such can give you a good idea but am confused as I do not want to bother my realtor for comps of an area every single time I need to determine a value of a property. Is there a self-service place I can get comps or other such info? Any advice is always appreciated. <IMG SRC="images/forum/smilies/icon_confused.gif">
Thanks,
Pataz[ Edited by pataz on Date 10/24/2003 ]
First of all, pulling comps for property in an area is your agents job. You shouldn't feel like your are bothering him/her for this information. Do your mean LTV, as in loan to value ratio? that is a liitle different from selling price vs. market price or appraised value.
[ Edited by pataz on Date 10/24/2003 ]
(BTW, you can edit your initial post)
Just a thought...You may ask your realtor to send you ALL the listings and sold comps in a certain area for a few weeks. Drive around, look at the asking price, sold price, type of property, area, etc. After a while you should know about what it should be listed for and sell for. Once you're to that point, you'll recognize bargains and opportunities when they pop up.
Arrrgg! Trying to post and do real day job at same time-- It doesn’t pay to multitask. My apologies to everyone. I had two questions to ask. I used the wrong subject for this question and on top of it all spelled it wrong! I tried to edit the post but didn’t see how to edit the Subject—should read “How to Determine Value”. My next post has to do with LTV. Sorry.
Thanks for your helpful suggestions so far!
pataz
Ask an title company for access to thier web ****Must Reach Senior Investor status before posting URL's***hey will have any comps you want at your finger tips and alot more for ****Must Reach Senior Investor status before posting URL's***hey expect to get your business..
Concerning your question about how to get comps...
If you don't want to use a real estate agent or broker, you should be able to pull the data from county courthouse databases (if they have tax assessor info online). Failing that, you can use some private vendors and research property throughout US. PM me and I'll give you website address.