[size=18]Understanding Comparable Sales and How to Analyze the Data[/size]Prepared By: John WorleyThroughout my business dealings, I find that when it is discovered that I was a real estate appraiser for a number of years, the first question out of everyone's mouth (particularly Realtors and real estate investors) is "Can you teach me how to read and analyze comparable sales data?"

Basically I run down all of the local research for your property leads.Property Analysis (or Property Consultation) ServiceThe service includes:-An inspection of the subject and surrounding neighborhood-Exterior and interior pictures of the subject and pictures of surronding neighborhood-A detailed report containing the following information: **All the property details and tax information **Title Search **List of local comparables and an estimate of market value **A detailed list of needed repairs **Suggestions for upgrades worth considering **Suggestions for what the property will be best used for (Fix/Flip, Rental, Lease Option) **A list of financing options and costs of each **Rental cashflow analysis (if needed)Cost of service is $100 per houseTurnaround time is 24 to 48 hours.Not trying to play on anyone's emotions, just trying to offer a helpping hand for anyone who wants or needs it.

My guess is that it will be a virtual slap on the wallet compared to the lives they destroyed with the crimes they commited.

Are you comparing war zones with suburbs?

Not much for accuracy....however...Zillow will show you comparable homes based on recent sales listsings.

An appraiser will base his/her opinion on the sale of properties in the area, comparible to the subject property within the last 6 to 9 months.

HOWDY YALLGarGus it sounds like the Austin area is making a good comeback or at least the start of one.I remember when I took my ABR over there everyone was dealing with contract wars and then the high tech crash came.BCS is still riding the wave and building is going on everywhere.Especially in the commercial arena.Land has gone up steadily which has escalated prices but this area is still undervalued compared to most of the places folks are coming from.It is common to see people buying with a good chunk left over from their out of state sales proceeds.Investors in rental properties are not as happy as they once were as the escalated prices are making it hard to get a good return without putting more in.The junker market has alot of inventory for those that rehab.Some Ive seen as low as 22000.The lots are usually good size.(10000 sq ft and bigger).Locations most of the time are iffy.High end rehabs are coming into the picture more now.Wealthy College kids live in and trash expensive homes that their folks buy and then wind up selling them cheap to cut their losses.Ilove this country.Well im off to NYC for 2 weeks of R&R with the family.Hope yall write a bunch of clean deals while I'm gone.Adios.Jennysh thanks for the website on your condo hotel its a beauty!

A comparible lot sold for 800000 and the builder put up 4 townhouses on it.

If the market rate is really that high they won't have anywhere to go that is less expensive but might leave for comparable rents just for the "screw that" factor.My thoughts are to jack it up over three years, which will still build some resentment but may keep the tenants.Like you said, "It's not a hobby."

thanks for the info.heres a great r.e. info site. www.recenter.tamu.eduim a broker in College Station Texas.folks are coming here from all over because of the great values on property and Texas A&M University.you can search up to date listings from my mls site. type mikecutler.bcs.mlxchange.com or just click on my www icon at this site.i would be curious to compare foreclosure sales there with regular sales here.we have very few foreclosures in our area and usually they have structural problems or liens etc.I love to pay referrals (25%) for folks headed this way.Mike