Posted on 24 January 2013.
The purpose of obtaining an appraisal is to have a professional determining the current value of a property. The definition of a market value is the highest price in terms of money which a property will bring in a competitive and open market under all condition requisite to a fair sale, a buyer and seller, each acting prudently, knowledgeably, and assuming the price is not affected by undue stimulus.
Posted in Real Estate Investing TipsComments Off
Posted on 23 January 2013.
Purchasing real estate at market value these days is different from purchasing real estate 30 years ago. Today, most real estate investors benefit from real estate by purchasing below market value. The way to purchase undervalued properties is to find distressed owners who are willing sell their property below market value. Under valued properties are the cash cows of the real estate market.
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