Analyzing Your Real Estate Market

[Noah Scott]

Hey everybody,

As a complete newbie to the world of REI I find that market analysis can be one of the most intimidating steps to completing a successful deal. So many factors seemingly go into the analysis, that, at this stage of the game it can seem like a big process to start and run with.

After reading the commonly mentioned "ABCs of Real Estate Investing" I understand on a cursory level some of the things one can start to look at to develop a thorough analysis.

In an effort to make my market analysis more efficient I constantly find myself wondering, "What may I be missing?" So, I open up the question to you all: 

What tips or processes do you use when conducting a market analysis?

For any of those curious, I am looking into the Chester County, PA (namely Exton or the Brandywine Valley) and portions of the Delaware County, PA markets, which are areas in the southeastern part of Pennsylvania, a short drive outside Philadelphia.

Look forward to hearing what you all may have to say! Thanks!