Property Management Team
(I. E. a property that sold for $80000 that could simply have bought for $90000) I am also questioning if anyone has accomplished a similar post to J Scott’s above, however on marketing. Most of a property’s earnings usually derives from tenant hire—making it further essential to account for unit emptiness.
Comps are comparable sales (the closed sale value of properties lately bought in your neighborhood), and so they serve as the muse for the distinctive comparative market analysis (CMA) they’ll create to help determine the best list value. Only they take their estimations one step beyond how much a property will price and run the numbers based on how much income a property will generate—which is known as the earnings approach.
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