Consumption and Real Estate
Posts tagged Comps
I am looking for a website comps in real estate. any ideas?
46 months ago
by admin
in real estate
Reply from
miss miss Yes
hop on google and search for houses to rent it? And you can use any
Find real estate comps in New Jersey?
07 months ago
by admin
in real estate
Reply from Götz
V
better off if you are in the Mafia, at least for someone who is.
Compare Homes on the market to Save Thousands
07 months ago
by admin
in real estate
Many actual estate consumers enter into the globe of residence purchasing and selling with out taking into consideration the quite great materials advantages you will find to knowing what’s in the marketplace, what’s promoting, how lengthy it took and for how much.? By analyzing the information of comparable houses which have just lately sold within the neighborhood, you can place by yourself in a much far better bargaining position.
You currently know 1 value: the seller’s.? Even so, you should not assume that you simply may have to spend that value until you compare comparable homes and find out what they’re genuinely going for and why.? You may need to know how the residence problem, improvements and status of the market place all combine to produce a reasonable price for that property at a particular time.? Ultimately, a residence is only really worth what somebody is prepared to spend for it, but simply because *you* aren’t willing to pay a specific price does not mean that an individual else won’t be pleased together with the value.
To evaluate residences, you may need to seek out houses that have sold inside the last number of months which might be in the neighborhood, have precisely the same quantity of bedrooms and bathrooms and are roughly exactly the same in square footage.? You need to take into account garages, workshops, landscaping, etc.? It may be tough, which can be why a Realtor ?? will be the finest alternative for folks who desire to make the very best financial selection for themselves, but usually do not have the time or the inclination to perform all this analysis.
Buying a property is not like getting one thing off the shelf in the shop; it truly is a balancing act of negotiations that ideally culminates in an agreement between the buyer and seller to exchange home to get a distinct sum.? Properties could be overvalued, undervalued or priced according to the market.? It is really worth it to sit down with your Realtor?? and go over the information and figures to ensure that you realize why they’re urging you to supply a selected cost.
Getting a cope with a house buy is some thing you’ll be able to only do when.? When you’ve signed the paperwork, there is rarely any going back, so it really is crucial to make informed choices.? Ask your Realtor?? to present you how they figure out what a house is worth and go more than property comparables with you.? The far more you understand concerning the ins and outs of buying/selling real estate, the far more most likely you’ll be in a position to produce knowledgeable offers on properties.
You currently know 1 value: the seller’s.? Even so, you should not assume that you simply may have to spend that value until you compare comparable homes and find out what they’re genuinely going for and why.? You may need to know how the residence problem, improvements and status of the market place all combine to produce a reasonable price for that property at a particular time.? Ultimately, a residence is only really worth what somebody is prepared to spend for it, but simply because *you* aren’t willing to pay a specific price does not mean that an individual else won’t be pleased together with the value.
To evaluate residences, you may need to seek out houses that have sold inside the last number of months which might be in the neighborhood, have precisely the same quantity of bedrooms and bathrooms and are roughly exactly the same in square footage.? You need to take into account garages, workshops, landscaping, etc.? It may be tough, which can be why a Realtor ?? will be the finest alternative for folks who desire to make the very best financial selection for themselves, but usually do not have the time or the inclination to perform all this analysis.
Buying a property is not like getting one thing off the shelf in the shop; it truly is a balancing act of negotiations that ideally culminates in an agreement between the buyer and seller to exchange home to get a distinct sum.? Properties could be overvalued, undervalued or priced according to the market.? It is really worth it to sit down with your Realtor?? and go over the information and figures to ensure that you realize why they’re urging you to supply a selected cost.
Getting a cope with a house buy is some thing you’ll be able to only do when.? When you’ve signed the paperwork, there is rarely any going back, so it really is crucial to make informed choices.? Ask your Realtor?? to present you how they figure out what a house is worth and go more than property comparables with you.? The far more you understand concerning the ins and outs of buying/selling real estate, the far more most likely you’ll be in a position to produce knowledgeable offers on properties.
The best way to Make Use of True Estate Comps
07 months ago
by admin
in real estate
In actual estate investing, a single in the basic aspects to consider is figuring out and evaluating your market value. You’ll find different strategies it is possible to make use of, nonetheless it is needed which you know how to do it effectively due to the fact you will either end up getting the deal or not, depends on who gets the deal very first. Actual estate organization is really a broad market place and undeniably competitors can also be widespread . That’s why establishing a value for your true estate is significant. True estate comps are market place comparable analysis which will help you establish the industry value of genuine estate properties with comparable asset. A lot of the appraisers are utilizing comps to identify a fair industry worth of a property subject for appraisal.
Your major targets as being a actual estate skilled are buying and selling swiftly. Finding into a deal is producing money that\’s why you need to strive getting comps from that are from a lot more current sales. With this you can determine that is more precious in establishing a marketplace value. Furthermore, it really is significantly simpler to establish a industry value if you can find much more comps within your target areas. You’ll find genuine estate investing web sites which gives comps and very best details to acquire into genuine estate enterprise quickly and to alter the techniques of your genuine estate investing and learn the most effective home marketing and education about comps.
As an appraiser you have to do a comparative market analysis to evaluate the properties with current sales which do have related characteristics together with the property you might be buying or selling. It entails the attributes and size of the home by which you make the adjustments primarily based on these situations. Knowing how many rooms are there in that house, repairs or renovations, and so forth. Provided you had the info you needed which determine the house condition, you’ll proceed on advertising and marketing and the sales cost. In promoting a home, you ought to have the ability to get into the industry where you can. Maintain in thoughts that you’re aiming to make a deal and also you rely on acquiring the property sold when figuring out just how much do you’ll need to spend for the house within the very first location. One of the significant difficulties that you simply may face is establishing a market value where you will find number of comps. The more comps you might have, the simpler you discover houses with similar traits you will be targeting at.
Your major targets as being a actual estate skilled are buying and selling swiftly. Finding into a deal is producing money that\’s why you need to strive getting comps from that are from a lot more current sales. With this you can determine that is more precious in establishing a marketplace value. Furthermore, it really is significantly simpler to establish a industry value if you can find much more comps within your target areas. You’ll find genuine estate investing web sites which gives comps and very best details to acquire into genuine estate enterprise quickly and to alter the techniques of your genuine estate investing and learn the most effective home marketing and education about comps.
As an appraiser you have to do a comparative market analysis to evaluate the properties with current sales which do have related characteristics together with the property you might be buying or selling. It entails the attributes and size of the home by which you make the adjustments primarily based on these situations. Knowing how many rooms are there in that house, repairs or renovations, and so forth. Provided you had the info you needed which determine the house condition, you’ll proceed on advertising and marketing and the sales cost. In promoting a home, you ought to have the ability to get into the industry where you can. Maintain in thoughts that you’re aiming to make a deal and also you rely on acquiring the property sold when figuring out just how much do you’ll need to spend for the house within the very first location. One of the significant difficulties that you simply may face is establishing a market value where you will find number of comps. The more comps you might have, the simpler you discover houses with similar traits you will be targeting at.
How many comps in a normal real estate appraisal?
38 months ago
by admin
in real estate
Reply
by James O 3
bon.plus comps if they are not as good.
Real estate sales records sales comps?
38 months ago
by admin
in real estate
Real estate sales records sales comps?
I woould rather have a free site that offers comparable property sales with a filter screen in the same street, to find if possible. However, there are websites that are free and paid? Reply
can not watch, You can try
Trulia.com and free.
Is it possible for me, the real estate “comps” (comparable) to view online for free?
28 months ago
by admin
in real estate
Is it possible for me, the real estate “comps” (comparable) to view online for free?
I am particularly interested in Seattle and want basic information: address, m², sale price of homes in the neighborhood recently sold. No, I am not a broker. Thank you. You can contact me in confidence (yahoo committed to your e-mail Addy) e-mail by clicking the icon.
response from John P Well
Yahoo Real Estate is a possibility, but you need to know what you see. I would hire a buyer’s agent and then they can do all the work, there is no cost. You are paid out of the list is the best way to go.
The best way to Get Excellent Comps in Real Estate Investing
08 months ago
by admin
in real estate
Here are some techniques to find out what cost you need to supply in your houses to get a deal, or to give a person else a deal. I will also show you how you can maximize your investment.
Comps are generally the true worth of a house. You are able to have a look at the price tag of houses for sale, but that doesn’t tell you the correct value of a residence. The correct worth of a residence in an place is determined by how much houses are Promoting for, not how much the houses are listed for.
So, in case you search in a neighborhood, you could possibly locate houses listed at high prices. They do not sell at these high rates. They get produced offers, they also come down prior to they sell. It is the promoting value with the house you need to go by to produce a decision on just how much you need to get for the home, or how much you want to offer in your residence. It really is also called ARV (regular retail value, or soon after repair value).
The comps let you figure out what the ARV is.
Comps also need to be equivalent houses of a related age, in the same area. Now, when I say the same location, you need them to become less than a mile away, the closer the better. You desire them to become sold, if achievable, much less than 60, or even 30 days ago. With this volatile market place, you actually wish to make certain that those comps are completed on properties sold lately. So, the closer to your topic property and the far more recent those homes had been sold, the much more correct your comps are going to become.
Now, we’ll talk about exactly where you are able to get your comps from. First off, you’ll be able to get comps from a Realtor or the MLS. If you are a Realtor, you already know the way to access them. In case you are not a Realtor, it is possible to befriend a Realtor, and normally for about or , it is possible to get a Realtor to run comps for you.
Realtors are great for getting comps because they are professionally trained to perform so.
Note that occasionally when they are functioning having a Seller, they Might want to bump their price up a little bit to maximize their commission. Often they may even do it for free. It is give and take, do them a favor, give them a listing now after which, you will locate a Realtor that can do it. The issue is, plenty of Realtors, they will not do it over and more than yet again. They’ll do a couple, but they do not need to be your source for comps. At times you can need 5 or 6 a day.
You can even get comps online, but be leery. You can use on-line sources to see how much houses sell for within your region, but in relation to obtaining out how much your property is really worth, often you will find massive spreads, ,000 low, to ,000 high. Those on-line no cost sites usually are not really accurate, unfortunately. I recommend against that. The worst issue you want to do is get a house for even as small as ,000 far more than what it is really worth. Then, you may become a motivated seller, and you don’t want that.
You may also go to the courthouse, although it’s tedious for only one particular comp. It is possible to make contact with them and get all the records for all the houses that sold in one particular area and find out what they are promoting for.
I personally use a service on-line that runs comps for me. I place the subject address in and it provides us all the recent sales around there, it tells us just how much they sold for, just how much loans are for on present houses too. But, not everyone would like to pay for it. If you’re a correct investor, it really is worth paying for, because you want to sit down, push a few buttons, and get your comps. Now, you’ll be able to move on to generate your presents and talking to sellers are customers.
Now, how do you evaluate? It really is straightforward if all of the properties are exactly the same exactly where it’s exactly the same model residence more than and over inside the identical subdivision. It tends to make it a whole lot less difficult that way. Whenever you get a couple of with the sale rates, common them out, then you definitely can find out how much the house is really worth. It is actual simple with condos because it is the exact same unit, appropriate across or down the hall. Make certain that the time is there. If three identical units sold 7, 9, and 11 months ago, they may be not excellent comps. You’ve to adjust for the time in which the market place modifications for that period of time.
If they are different varieties of houses, you’ve got to go by different points. You’ve to perform far more analysis. You might have to have a look at the size with the houses, the age with the houses. If one house is 50 years old and one property is 5 years old, the value is diverse. You have to take a look at the condition of the houses. You’ve got to have a look at the extras on the home. Perhaps one particular property features a 3 automobile garage and one particular residence features a 1 or even a 2 vehicle garage. 1 residence features a pool. You have to adjust for that. If one particular home has a pool, that home is going to be worth much more than the property without having the pool.
In a lot of circumstances, you are able to ask your seller what they really feel the property is really worth, which can be constantly high. Ask them how they came to that price tag. Maybe they will inform you that they had a Realtor who gave them a CMA. Constantly double-check on that. You constantly need to run comps. In no way take a seller’s word for it. Usually do your own investigation.
There is also a square footage approach. Let’s say you’ve got eight different comps for homes which can be all distinct in a certain place. I toss out the leading one particular, which can be often a lot greater. I then also toss out the low a single. Then, I find out just how much a square foot the other houses are selling for. I take the square footage, the selling value, do the math, and determine how much per square foot each and every of those houses sold for. I write it down, then I common it out and which will provide you with an excellent thought. So, what you do is figure out the common value per square foot is for properties that sold not too long ago in that location, and then you multiply that by the square footage with the home you’re looking at. That will provide you with a comparatively decent comp. Once more, it’s not an precise science. It comes having a small bit of knowledge.
It also comes with understanding the territory. Plenty of you might be working only in one area. But, you’ll find specific components of Chicago right here, that you just can inform me it’s a one-bedroom, a single level garage in Nation Club Hills, and I can tell you just how much it’s really worth, then adjust it for condition. It is because I have dealt with that place. But, in case you are investing all more than the country, or should you be in a massive city, you might have to run your comps. The simplest way for me is always to use a service, as an alternative of doing all the square footage operate.
Now, you’ll find items which you must examine, that you need to adjust for. At times you’ve got to throw out properties that sold for really low rates. You might have 8 or ten houses all that sold inside of a twenty thousand dollar range and one that sold for thirty thousand less. You’ve to locate out why it sold for thirty thousand much less. Did it have a foundation issue? Was it a foreclosure or short sale? Appropriate now, there are numerous foreclosures and quick sales going on, you have to become conscious of that. Once you have a look at your comp list and 1 or two homes appear way high or way low, you either need to throw it out or you have to seek out out why. These foreclosures are lowering the costs in locations.
Now, when I’m promoting a home, this really is what I do. When I have an appraiser are available in, or when I’m pricing my home, I use the highest comps in the location. When I am acquiring a house or negotiating with a seller or I’m doing a BPO and that BPO Agent is coming in, and I’m going to provide him some comps to help influence his BPO on a short sale, I’m going to give him the lower comps within the location and will tell him that we’re basing our provide on these comps. So, use the higher comps when you are selling, use the lower comps when you are buying.
As soon as you’ve got your comps and know the prices that houses are selling for, use these guidelines to evaluate them:
Only use sold residence costs, in no way listed ones.
Usually do not use these comps for properties over 4 units, these are commercial, and done differently.
Attempt to use comps as close as possible for the topic, hopefully much less than a mile, and closer.
Comps ought to be as “fresh” as you possibly can, 30 days old or much less.
Compare “apples to apples”, not 3 year old houses to 60 year old ones.
If a property is priced substantially increased or lower than the rest, discover out why.
If the comps are really varied, find out the square footage price for the area, and use that.
Use high comps when you are selling, and lower comps when you happen to be purchasing, in negotiations.
Comps are generally the true worth of a house. You are able to have a look at the price tag of houses for sale, but that doesn’t tell you the correct value of a residence. The correct worth of a residence in an place is determined by how much houses are Promoting for, not how much the houses are listed for.
So, in case you search in a neighborhood, you could possibly locate houses listed at high prices. They do not sell at these high rates. They get produced offers, they also come down prior to they sell. It is the promoting value with the house you need to go by to produce a decision on just how much you need to get for the home, or how much you want to offer in your residence. It really is also called ARV (regular retail value, or soon after repair value).
The comps let you figure out what the ARV is.
Comps also need to be equivalent houses of a related age, in the same area. Now, when I say the same location, you need them to become less than a mile away, the closer the better. You desire them to become sold, if achievable, much less than 60, or even 30 days ago. With this volatile market place, you actually wish to make certain that those comps are completed on properties sold lately. So, the closer to your topic property and the far more recent those homes had been sold, the much more correct your comps are going to become.
Now, we’ll talk about exactly where you are able to get your comps from. First off, you’ll be able to get comps from a Realtor or the MLS. If you are a Realtor, you already know the way to access them. In case you are not a Realtor, it is possible to befriend a Realtor, and normally for about or , it is possible to get a Realtor to run comps for you.
Realtors are great for getting comps because they are professionally trained to perform so.
Note that occasionally when they are functioning having a Seller, they Might want to bump their price up a little bit to maximize their commission. Often they may even do it for free. It is give and take, do them a favor, give them a listing now after which, you will locate a Realtor that can do it. The issue is, plenty of Realtors, they will not do it over and more than yet again. They’ll do a couple, but they do not need to be your source for comps. At times you can need 5 or 6 a day.
You can even get comps online, but be leery. You can use on-line sources to see how much houses sell for within your region, but in relation to obtaining out how much your property is really worth, often you will find massive spreads, ,000 low, to ,000 high. Those on-line no cost sites usually are not really accurate, unfortunately. I recommend against that. The worst issue you want to do is get a house for even as small as ,000 far more than what it is really worth. Then, you may become a motivated seller, and you don’t want that.
You may also go to the courthouse, although it’s tedious for only one particular comp. It is possible to make contact with them and get all the records for all the houses that sold in one particular area and find out what they are promoting for.
I personally use a service on-line that runs comps for me. I place the subject address in and it provides us all the recent sales around there, it tells us just how much they sold for, just how much loans are for on present houses too. But, not everyone would like to pay for it. If you’re a correct investor, it really is worth paying for, because you want to sit down, push a few buttons, and get your comps. Now, you’ll be able to move on to generate your presents and talking to sellers are customers.
Now, how do you evaluate? It really is straightforward if all of the properties are exactly the same exactly where it’s exactly the same model residence more than and over inside the identical subdivision. It tends to make it a whole lot less difficult that way. Whenever you get a couple of with the sale rates, common them out, then you definitely can find out how much the house is really worth. It is actual simple with condos because it is the exact same unit, appropriate across or down the hall. Make certain that the time is there. If three identical units sold 7, 9, and 11 months ago, they may be not excellent comps. You’ve to adjust for the time in which the market place modifications for that period of time.
If they are different varieties of houses, you’ve got to go by different points. You’ve to perform far more analysis. You might have to have a look at the size with the houses, the age with the houses. If one house is 50 years old and one property is 5 years old, the value is diverse. You have to take a look at the condition of the houses. You’ve got to have a look at the extras on the home. Perhaps one particular property features a 3 automobile garage and one particular residence features a 1 or even a 2 vehicle garage. 1 residence features a pool. You have to adjust for that. If one particular home has a pool, that home is going to be worth much more than the property without having the pool.
In a lot of circumstances, you are able to ask your seller what they really feel the property is really worth, which can be constantly high. Ask them how they came to that price tag. Maybe they will inform you that they had a Realtor who gave them a CMA. Constantly double-check on that. You constantly need to run comps. In no way take a seller’s word for it. Usually do your own investigation.
There is also a square footage approach. Let’s say you’ve got eight different comps for homes which can be all distinct in a certain place. I toss out the leading one particular, which can be often a lot greater. I then also toss out the low a single. Then, I find out just how much a square foot the other houses are selling for. I take the square footage, the selling value, do the math, and determine how much per square foot each and every of those houses sold for. I write it down, then I common it out and which will provide you with an excellent thought. So, what you do is figure out the common value per square foot is for properties that sold not too long ago in that location, and then you multiply that by the square footage with the home you’re looking at. That will provide you with a comparatively decent comp. Once more, it’s not an precise science. It comes having a small bit of knowledge.
It also comes with understanding the territory. Plenty of you might be working only in one area. But, you’ll find specific components of Chicago right here, that you just can inform me it’s a one-bedroom, a single level garage in Nation Club Hills, and I can tell you just how much it’s really worth, then adjust it for condition. It is because I have dealt with that place. But, in case you are investing all more than the country, or should you be in a massive city, you might have to run your comps. The simplest way for me is always to use a service, as an alternative of doing all the square footage operate.
Now, you’ll find items which you must examine, that you need to adjust for. At times you’ve got to throw out properties that sold for really low rates. You might have 8 or ten houses all that sold inside of a twenty thousand dollar range and one that sold for thirty thousand less. You’ve to locate out why it sold for thirty thousand much less. Did it have a foundation issue? Was it a foreclosure or short sale? Appropriate now, there are numerous foreclosures and quick sales going on, you have to become conscious of that. Once you have a look at your comp list and 1 or two homes appear way high or way low, you either need to throw it out or you have to seek out out why. These foreclosures are lowering the costs in locations.
Now, when I’m promoting a home, this really is what I do. When I have an appraiser are available in, or when I’m pricing my home, I use the highest comps in the location. When I am acquiring a house or negotiating with a seller or I’m doing a BPO and that BPO Agent is coming in, and I’m going to provide him some comps to help influence his BPO on a short sale, I’m going to give him the lower comps within the location and will tell him that we’re basing our provide on these comps. So, use the higher comps when you are selling, use the lower comps when you are buying.
As soon as you’ve got your comps and know the prices that houses are selling for, use these guidelines to evaluate them:
Only use sold residence costs, in no way listed ones.
Usually do not use these comps for properties over 4 units, these are commercial, and done differently.
Attempt to use comps as close as possible for the topic, hopefully much less than a mile, and closer.
Comps ought to be as “fresh” as you possibly can, 30 days old or much less.
Compare “apples to apples”, not 3 year old houses to 60 year old ones.
If a property is priced substantially increased or lower than the rest, discover out why.
If the comps are really varied, find out the square footage price for the area, and use that.
Use high comps when you are selling, and lower comps when you happen to be purchasing, in negotiations.
real estate comps
Harrah “Online Poker in Las Vegas * comps and comps Internet
01 year ago
by admin
in Property Management
Las Vegas comps or Tools
Thurs creation of a reward to the creation of online gaming is the best way to get rid of user fees for participation in a majority of the players within the property is substantially as casinos in Las Vegas, hundreds and hundreds of dollars to not realize that the casinos want their business so well that they dollars, only to return back to spend spend. Harrah’s Online Poker and poker porn you want to have a fabulous time in Las Vegas.
update on online gambling are exactly the same way. Most will offer a display of 100% or more rewards for you and especially to fit your game, you will be rewarded with additional incentives to deposit and bonus, it will only keep back. Las Vegas gambling composition, you can get free tickets and fine dining room last class in the country. And even the money to play with!
So what’s the secret? It’s really easy to get comps gambling establishment, simply signal for a credit card for people in a property is primarily on the online casino or a benefit program with people on Internet casinos. In Las Vegas they have the character of the office in their gambling facilities. In general, look for the line of people as they try to get a trip to Disneyland. So, to avoid the lines, you should go early in the morning or if Las Vegas would soon be searching for the gambling that you stay longer than the Web. A much more and much longer the essentially flat for you to find casinos indication for its card system to get people to complete. The tickets will be waiting there when you arrive! Sign up for a credit card players is a good idea to do in a gambling establishment anywhere, so do not wait for Vegas Vacation. Almost all casinos latest on Indian reservations, riverboats and other areas of the former executives from Las Vegas, what it means loyalty to know the bottom line is managed, so you can expect to have an avid player of programs get credit cards wherever you go.
The credit card avid gamers began to progress much more critical as the technology continues. Signature with a single method, you can benefit a lot of casinos as a substitute for a carry. A couple of dives, technological progress, it may be possible to withdraw money from your account reaches a height with pen self-service kiosks that are on the playground at home. Paris reached Bonus Slots are also increasingly recognized on your card to slot machines in gaming places. And if you are at home, you can enter the payment card to the online business with the gambling houses and purchase compositions, and more goodies for free. So if you have a card, be sure to keep with it! (If you have paid the casino has a new especially for you all.)
Immediate to gambling establishments online poker rooms or online, get their bonuses are mostly in the form of deposits recorded a bonus, “Player point programs “or free entries to tournaments for cash expenditure. It is a great advantage for players because it offers much more secure! Data are generally stored in one and how much you play with them. And again they let you know what you described. For example, poker players can “party items” to the major poker tournaments online Web as an alternative to payment of an entrance fee in force. Chris Moneymaker proved active Holdem Poker can make thousands and thousands in 2003 and Gregory Paul Raymer did in 2004 again with each successive profitable world championship poker on the Internet. Everyone has to be a contract with a major online poker room on the internet and finally turned out millionaires! Remember to receive funds from a massive tournament and you realize that will be covered in any way a dime in entry fees! Enter the participant to “point” is 1 means that the online poker rooms related model of their people.
From this level you start to do a lot for your game by following should. Print up this web page and keep it with you as a reminder on your next trip. Good luck!
@ Poker Porn
Las Vegas Property Management Companies
How To Get Commercial Property Comps?
01 year ago
by admin
in Commercial & Investment
Question : How To Get Commercial Property Comps?
Realtors Opinion needed.
Ok. I am a TX Realtor/Investor in Austin. I can run my comps when looking for a residential property that I can rehab & flip. Well, I decided to dabble in the commercial investments like multi-family apartments of buildings needing rehab & flip. Can someone tell me how to run those comps. Are they like running comps for residential? Do I find properties within 1 mile or futher, within 6 mos.,1 yr or more? NEED HELP. I have the funding, but no property:(
austin investment property
Best answer:
Answer by Em C
Commercial properites are not valued the same way residential properties are. Commercial properties are based on the cash flow, not what like properties have sold for. Consider two similar multifamily properties in the same neighborhood with 6 two bedrooms units each. One has longterm steady tenants who pay $ 850 a month for rent, the other has high vacancies and below market value rents. Which property is worth more?
