Eric,

Another thing to keep in mind that when you know what the value is, make sure you have someone that has a great web presence to market the property. This will help maximize the properties value by exposing it to more potential buyers. There are many agents that have a web site to post their properties on but there are not that many that can be found in a search for klamath falls real estate when someone is doing a google search. There are primarily only 3 local websites that come up on the first page of almost any search, one is mine and the other two are in my office. My listings are posted on over 40 websites to make sure they are found by anyone looking.
If you are ready to get this property sold and maximize its value give me a call.

Ron Rogers

Sat May 3 2008, 11:05

Hi Eric,

Sounds like you got some good sound advice. If you have not already decided on a Realtor, I would love to have the opportunity to help you with your Real Estate Needs.

Thanks,

Teresa Metts

Tue Apr 29 2008, 14:47

Eric,

The information that Chris gave you is correct. Be careful in solecting a realtor to represent you. Most do not know how to price an income property. It is vital that at the time you put this property on the market that the rents are maximized and any repairs are done. The value of investment property is really based in the income that it can produce. There is an average rate of return that investment properties are selling at here in klamath but don't let a realtor base your properties value on what they will refer to as a CAP rate. CAP rate is only good for a quack look to see if a property qualifies and determine the maximum interest rate that an investor can carry a loan at. There is a lot more to consider when an investor looks at an investment property and there is more to consider when you look at pricing your property to sell.

If you would like to talk more about this I consider investment property my specialty and feel that few agents have the abilility to anylize investment proeprty or have taken the hours of investment classes that I have.

Mon Mar 31 2008, 00:11

Hello Eric,

I would love to help you with ll of your real estate needs.

I look forward to talking to you,

Linda Knust
Broker
Coldwell Banker Holman Premier Realty
541-892-3333
LJKnust@aol.com

Mon Mar 3 2008, 12:23

I would contact a real estate pro. In your city. The information Chris gave was great however it will be more useful for an agent to come take a look at your places and lend an honest answer. You can’t help what you can’t see. Keep an open mind to the ideas. In general make inexpensive changes that add value. New carpets (low grade that shows as clean) new vinyl floors, new paint and be sure it smells good! Keep renters in and advertise that they are rented. Also be sure to hire an agent who is going to market to investors in your city!
Please give me a call I have a great realtor in mind for you who works in Klamath Falls. She knows the ins and outs on how to market your investment!

Farah de Verteuil
Real Estate Sales Specialist
www.relocation-home.com
farahv@relocation-home.com
503-758-6281
FarahV

Sun Feb 24 2008, 18:37

Hi Eric, although I am not in Klamath Falls I can offer some general advice for maximizing resale value. You want to anticipate any buyer making a request for inspections, namely pest/dry rot & whole house. It may be wise to correct any pest/dry rot such that a clean report would be the result, as well any issues a whole house inspection may reveal. As well, your tenancy may be long term such that rents may be in their favor, or are you maximizing rents now? A few, important perspectives an investor will make is the longevity of the improvements (do they need work?) and for there to be any upside to rents. If your units are vacant, you might consider to improve any areas where an increase in rents would be the result, such that an increase in rents would result in an increase in value (price).

In appraisal, when considering valuation to multiple family properties, we will capitalize rent with a multiplier. For example, $1,200 month rent x 100 = $120,000 valuation. We derive the multiplier from the market sales where a comparable that sold for $200,000 and fetches $2,000 monthly rent would indicate $200,000 divided by $2,000 = 100 multiplier. Your multiplier may be erroneously high if your rents are low, and your multiplier may be erroneously low if your rents are high or your price is high...so it is important to 'peg the market' on rents when pricing.

Probably the best advice I can give is to consider what improvements would increase your potential rents, and also if there is any upside to your rents now. If your units are vacant, attempt to have them occupied which will appeal to an investor that is purchasing for cash flow. As well, there are buyers who want to occupy one side and rent the other (or have another family member occupy). This is especially true if your duplex is located in a predominantly single family residential neighborhood where locational appeal is stronger than in a preponderantly multiple family neighborhood. Regards, Chris@HouseNow.com

Mon Feb 18 2008, 12:14