Getting ready to list a property that has development potential, but you aren't sure where to start in terms of determining list price?
Analyzing a property with potential is already a challenge, but factor in the middle housing potential that can be developed with HB 1110 and it can become increasingly complex to do a CMA (comparative market analysis).
In this course, Denise Lones will provide easy-to-follow formulas for determining a list price that developers can get behind and your sellers will understand.
You will learn
- Techniques for finding comps for this unique type of property (hint - you are going to need to go beyond the MLS!)
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Four different valuation methods (and yes, you may need to utilize all 4 for a single property!)
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What is "Getting to 0" and "Getting to 100" and why understanding of these concepts is critical to understand valuation.
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What is an assemblage and why these are more valuable than a standard single family lot.
Within the next year, thousands of properties with Middle Housing Development potential are going to be hitting the market.
Are you ready?