How to find evaluate, and make offers without an agent
1. Go to www.zillow.com to search by county, city or zip code for properties that match your buyer’s criteria that either just hit the market in the past 1 day OR that have just had price reductions in the past 30 days.
2. Additionally you should REGISTER with Zillow in the upper right hand corner and then save both of those searches and have them sent to you on a daily basis. This is the only way to get properties delivered to your email either the first day they hit the market or the first day they had a price reduction which is SWEEET!!!! Between those two emails coming in your going to do a great job covering the listed properties and using option # 1 you will be covering all the FSBO’s and there won’t be much slipping through the cracks that may take the discount we are looking for.
For options 1-3: Once you have the address and asking price you simply compare the asking price to the average $/ft^2 of the 5-10 closest best comps in the area using the “see sales similar to xyz address” feature and zooming un until you have between 5-10 which SHOULD give you a very legitimate value. More often than not Zillow is very close, but because Zillow doesn’t differentiate between mobile homes, condos, townhouses and single family residences or for properties that have or have not been renovated, you will need to select them accordingly. Only the properties that you see with 20% or more difference between the asking price and the Zestimate are worth further investigation.
__________________
__________________
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
1. Go to www.zillow.com to search by county, city or zip code for properties that match your buyer’s criteria that either just hit the market in the past 1 day OR that have just had price reductions in the past 30 days.
2. Additionally you should REGISTER with Zillow in the upper right hand corner and then save both of those searches and have them sent to you on a daily basis. This is the only way to get properties delivered to your email either the first day they hit the market or the first day they had a price reduction which is SWEEET!!!! Between those two emails coming in your going to do a great job covering the listed properties and using option # 1 you will be covering all the FSBO’s and there won’t be much slipping through the cracks that may take the discount we are looking for.
For options 1-3: Once you have the address and asking price you simply compare the asking price to the average $/ft^2 of the 5-10 closest best comps in the area using the “see sales similar to xyz address” feature and zooming un until you have between 5-10 which SHOULD give you a very legitimate value. More often than not Zillow is very close, but because Zillow doesn’t differentiate between mobile homes, condos, townhouses and single family residences or for properties that have or have not been renovated, you will need to select them accordingly. Only the properties that you see with 20% or more difference between the asking price and the Zestimate are worth further investigation.
__________________
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125