The Value of Research in Property Investment
ZUNE TH
S AT TA R
The Value of Research in Property Investment Having an accurate estimation of a property’s value is extremely valuable, whether an investor is looking to add to their portfolio or sell an asset to free up capital.
While there are various tools and service providers available, seasoned professionals can learn more by performing a property market analysis themselves.
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WHILE PROPERTY PRICES CONSTANTLY CHANGE IN RELATION TO FACTORS SUCH AS SUPPLY AND DEMAND, KNOWING HOW MUCH A PROPERTY SOLD FOR IN THE PAST CAN HELP AN INVESTOR GAIN A BENCHMARK VALUE FOR THEIR INVESTMENT.
While there are various tools and service providers available, seasoned professionals can learn more by performing a property market analysis themselves. Having a firm understanding of market values allows investors to make informed decisions, whether they are acting as buyers or sellers.
The Value of Similar Properties If an investor is looking to sell a home, the first step would be to determine the selling price of other similar homes. Making a direct comparison isn’t easy as homes tend to be different, but some properties will match up based on various factors. Online estate agent listings can help in this regard, and the more varied the sources, the easier it is to gain an objective view of selling rates.
Historical Transactions While property prices constantly change in relation to factors such as supply and demand, knowing how much a property sold for in the past can help an investor gain a benchmark value for their investment. A variety of tools record house prices at the time of sale, which is useful information that can help assess the current value of the asset.
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