How do I narrow down list of properties?

How do I narrow down list of properties?

I have a list of about 25 mls properties from an agent that were filtered for as-is, price reduced, must sell, etc. and that meet my buyers' criteria. What's the best way to start narrowing down the list? Should I run comps on all of them or narrow it down to a few and then ask my realtor for accurate comps? Its hard to know which are good deals unless the have the ARV on any of them, and I know Zillow and other comp sites aren't always that accurate. Should I run the comps on those sites just to get an idea and then ask my agent for the ones that look like a deal?

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Narrowing list

You can looking run the comps yourself or ask your agent to help you and give you an estamite amount on how much each property would sell for after repaired. Then you ask your realtor for REO comps and find out what are REO's are selling for, then you start making your offers on the 25/1 stratey 20%-40% below asking price depending on what part of the country you are and how is the market going.

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Reynold Orozco


25 Properties is not a huge

25 Properties is not a huge list to supply to a buyer. They maybe able to quickly search through them since they know what they are looking for.

If you are analyzing the properties for price discounting, then this will be a good opportunity to study your market. Yes it is going to take time for you to analyze the properties yourself - but it is time well spent.

Compare the listings to all the sales within that price range, in the same area and that have occurred in the past 6 months. The easiest apples to apples comparison is to break them all down by price per square foot. This will tell you what is the average, or even better, the median price per square foot. Compare this to your active listings to see which are the better deals.


separate by areas

if you separate your properties by areas, you can figure out what the price/ sqft is for each area, then ask your agent what the comps are for areas, not for each property individually; then it will be easy for you to know how much you should make your offers for to make a profit.

Wishing you success,

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Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


what is the 25/1 strategy

Can anyone help me out? I have been hear alot about the 25/1 strategy. Can anyone explain it to me in depth it would be greatly appreciated. thanks

Jeremy

Obstacles helps us find out what we truly want in life. Instead of what we merely think we want.


Jeremy

25:1 is the strategy developed by Matt Larson; your real estate agent submits your offers, and if you're doing it right, you should get one offer accepted for every 25 offers submitted; if you get less than that, your offers are too low; if you get more than that, your offers are too high. It's 'spelled' out in DG's book '30 days to RE cash'; you can download it for free if you go watch last week's Weekly Wisdom.

__________________

Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


thanks

Valerie
Thank you for your help and I tried to down load the link but i tried to late i guess it expired.

Jeremy

Obstacles helps us find out what we truly want in life. Instead of what we merely think we want.


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