Weighing in the Factors with Comparable Sales

Posted on November 21, 2006 - Filed Under Pricing | Leave a Comment

Terms for investments are everywhere in real estate. You may hear lenders, agents and brokers talking the real estate jargon. If you are finding a way to be a part of the real estate world for any type of investment, you will want to become familiar with the different terms that are used in real estate. The first one to define is comparable sales.Â

Often times, comparable sales will be termed as comps. These will be the basis of your real estate investment and are important to know. If you are looking at a property, always ask what the comps are on the property. Your real estate agent, or you, will then look up a variety of factors to compare your property with the others around it. You can find these through various companies, the multiple listing service, (MLS), and even courthouses and newspapers.Â

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Getting Into the Negotiation

Posted on September 19, 2006 - Filed Under Pricing | 3 Comments

Whether you are buying or selling real estate, you need to do the right talking to the right people in order to get the best deal. Being or using a negotiator is the best way to make sure that you know exactly what is going on and are able to fall into the right piece of property. Whether you are a negotiator or working with someone who negotiates, you will want to make sure that you walk into a home with your facts straight.Â

The first thing to do as a negotiator or to look for in a negotiator is to make sure the facts are there. You will need to know going rates, real estate investments and the market, the trends that are in place, and what facts will be best for the properties that are being looked at. Of course, this will mean that you want to spend time to find the right deal and the right piece of property. Whether you are an individual looking for property, or are working with a negotiator, make sure that your individual needs come first.Â

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