All Forum Posts by: Jingru Sui

I know an investor trying to sell a quad in the coming month. PM me if interested.

Hi BP friends, I’m looking to connect with atlanta and surround surbs’ appraiser friends! Looking for recommendations as well. Thanks in advance! 

Unfortunately i don’t have a go to appraiser to ask these kind of question yet. I’ll make sure to establish a relationship with appraiser soon. :) . I've got some mixed feedbacks from lender. Also appraisal value has been kinda all over the place lately. Some of the transactions i dealt with in the past 3 month has multiple clients change lender midway in the process and magically the second appraisal report saved the deal(increased a whole lot!). Just wonder if there’s a rule of thumb.

Hi BP friends! I have a question regarding how apprisor adjust home value. Is there a rule of thumb they use to add or minus value by number of room? Bathroom? Fireplace? Living space? 

For example, if a house in the same community was sold around 600K but has 2 less bedroom than my house. Consider everything else the same. How much more do i value?

Since there aren’t a lot of comps in the 0.5 radius within 6 month. How far will apprisor go to find comps nowadays? Just trying to understand how are these value number adjusted with current market condition. 

What’s your budget? What’s your criteria? Feel free to connect with me and i can guide you based on your risk tolerate level and goal. 

Hey Chris, Amanda’s book on tax strategy is very good and informative. I found it very helpful. That might be a good start. 

By the way it might be hard to get vacancy rate on SFH rental. Lots are still owner managing so it's hard to gather that data. You might be able to get some vacancy rate on apartments by checking some of the big brokerage's quarterly report.

For what matter? Closing? Tenant issue? 

Hi there, is she targeting the top school zone? (Walton, Pope and Lassiter) mainly east Cobb? Its very competitive there at this price range. If it’s Marietta in general i think she has some options. 

I will tell you this, don’t wait for the H&B due time, have her agent call listing agent and see if seller will accept someone right away if its really good. By really good, I’m talking about super short dd and less or no contingencies and a lot above asking. How much above? Have her agent check current comps in the neighborhood and see what’s the highest sold price in that neighborhood to get a better idea. Your offer will probably need to be a little above that to be honest. Problem is there aren’t a lot of inventory and people get aggressive when they really need a place to stay. Her agent need to be able to move really quickly! 

I also recommend her to add some FB Marietta real estate group. I know east cobb west cobb all have one. Her agent can add some co-op realtor group as well. post coming soon information there. So maybe she can go see it even before a property hit the market. 
 

Here’s some practice you can do. Go on zillow or realtor.com. Check each zipcode for lease properties and see much how they are rented for and how long it’s on market. On zillow you can also see how many people applies and inquired about a property. Should be able to give you an idea of how much a like kind property will rent for. You can see how many days it’s on market etc, you can adjust that price lower if a like kind property is on market for a longer period of time. Also ,when a lot of property come up in the same zip code or similar location , you know you’ll have some more competition…

You can also talk to an experienced PM. They should be able to give you a ball park idea on how much it will rent and how long typically it take to get rent out.