54 views
Michael Aronson
- 5 Answers
- 5 Questions
Locations:
Profile Link:
Michael Aronson answered:
Yeah wow you're seeing some differences! Welcome to New York!
I work in NYC but I own properties upstate near you. When I buy I don't care what the assessed value is (well, that's a bit of hyperbole, but not much). I study the market and cash flows (since these are investment props).
If you're trying to figure out a sales price to suggest to a client, which seems to be your situation, then you need to do a comparative market analysis that includes a thorough study of recent sales, list prices and prices of homes in contract. I'm afraid there aren't many shortcuts or formulas that you can rely upon.
And that's in a normal market. This in my opinion is not a normal market. You've just got to have your ear to the ground as much as you can.
I work in NYC but I own properties upstate near you. When I buy I don't care what the assessed value is (well, that's a bit of hyperbole, but not much). I study the market and cash flows (since these are investment props).
If you're trying to figure out a sales price to suggest to a client, which seems to be your situation, then you need to do a comparative market analysis that includes a thorough study of recent sales, list prices and prices of homes in contract. I'm afraid there aren't many shortcuts or formulas that you can rely upon.
And that's in a normal market. This in my opinion is not a normal market. You've just got to have your ear to the ground as much as you can.
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact Michael Aronson
Michael Aronson is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
Become a Trulia Voices VIP!
Here’s how:
-
Contribute Often
It only takes 5 contributions per week to become a VIP! -
Strive for Quality
An answer earns you 4 points, but a Best Answer earns you 20 more. You know what to do! -
Share your Content
Blog views and comments earn you points as well. Find out how to make your posts popular on Trulia and take action!
Learn more about the Trulia Voices VIP Program.
|
|
|
|
|||||||||||
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback