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Updated over 10 years ago,
Best targeting strategy
Hey all, newb question most likely but I couldn't find an answer so here goes.
I am starting to look for some rehab projects and I was wondering; how do you set your strategies up? I have a meeting with my Realtor this Friday, and here is what I have so far.
1. I need to know what price point has the lowest DOM, i.e., houses at $85,000.00 are averaging 30 days, vs $95,000.00 at 45 days on market.
2. What type of houses are seeing the lowest DOM, i.e., a brick faced 3/2 ranch from 1980's averages 30 DOM vs. a 3/1 bungalow from the 1970's at 45 DOM.
Is there any way of doing my own research on these things, or is it best just to have my Realtor do the research on my behalf? I know that I will be using him to list and to search the MLS for me and he gets commission so I will not feel bad if I have to put him to work haha, but I was just kind of hoping that I could get some of the raw data and run my own numbers. I like to have a good hold on all of my numbers and know my business inside and out.
I also know that it will vary from area to area within my city, but I have a target section that I am looking at. Seems to be the most desired area right now.
Thank you in advance!