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Anwell Tsai
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- 15 Blog posts
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Love my wife and newest member of my family, baby Alec. He keeps us up in good
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About:
Anwell Tsai grew up in the Real Estate business. Both parents and his older brother have worked full time in the business and have invested in and managed
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Anwell Tsai answered:
To conduct your own market analysis, locate similar homes that have sold recently, are currently being listed (current competition), and have expired (priced incorrectly). Make sure you adjust for factors that affect the typical buyer in your delineated market area. Data supporting these adjustments are difficult to obtain, which is why it may be prudent to ask a Realtor for advice. Some factors to consider are:
1. Property rights
2. Conditions of Sale (Motivations of buyers and sellers)
3. Financing terms
4. Market conditions at the time of sale
5. Size
6. Location
7. Physical features
8. Economic characteristics
To learn more about valuation, go to Valuationhome.com where I blog about how macro and micro factors affect Real Estate Valuation.
1. Property rights
2. Conditions of Sale (Motivations of buyers and sellers)
3. Financing terms
4. Market conditions at the time of sale
5. Size
6. Location
7. Physical features
8. Economic characteristics
To learn more about valuation, go to Valuationhome.com where I blog about how macro and micro factors affect Real Estate Valuation.
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