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Market Conditions in 91770 : Real Estate Advice

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  • Local Info2
  • Home Buying3
  • Home Selling1
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Activity 2
Wed Sep 12, 2012
carlos parrague answered:
The answer to this depends on your personal situation.
Is the property paying for itself right now or are you having to continue to take out of pocket to fulfill financial obligation?
If the property is paying for itself, then I would recommend keeping it.
However, again it depends on your personal situation. You may actually be able to benefit from a loss.
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Sun Oct 3, 2010
James Bui answered:
Hi Tong!
Your question has been over 1 year old. Probably you bought that property already! Anyway, for your information:
No fix number for Multiplier. To find the Multiplier:
1- Find the recent sales in the area: ideal is within 1/2 mile (up to 1mile) and 6 months back in time (up to 1 year). Keep finding until you can find atleast 5 sales. Note: these sales should have same number of units or just +/- 1. That means: do not use 3 units sale if your subject is 5 units (unless you find no others)
2- Divide the sale price of each sale by its estimated GROSS INCOME to have that sale's multiplier. You then have a range of the multipliers in the area.
3- Do the reconcile: more weight on the properties with same number of units, bedrooms.

James Bui - Realtor
Direct: 626-274-9428
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