Comments on: Understanding Single-Family Home Property Values

By: donald king

donald king — Wed, 09 Feb 2011 10:09:23 +0000

bryan,

Always looking for ways to pay mortgages down faster. any and all help appreciated.

thanks,

Donald

By: Jeff Smith

Jeff Smith — Fri, 26 Mar 2010 12:58:20 +0000

Not exactly. The mv of the house is the cma w/o distressed sales (unless the subdivision is all or mostly foreclosures), bc those are actual sales. The equity based on that figure is real whether the lender agrees or not. But if your loan is a fnma product you’ll need an additional analysis for financing that includes foreclosures, like the one that Bryan did.

By: Doug Freeman

Doug Freeman — Thu, 25 Mar 2010 17:09:21 +0000

Jeff,
Great Information! This makes it very evident that historical and accurate sales data on the subject property is THE key to determining real value as an investor. B. Batson in the DFW office taught the SFPE class this past week ( my third time attending-I learn something new every time)and while doing the evaluation included a foreclosure in his analysis. This in effect gives the “blended” evaluation you talked about in your post correct?

By: Bryan Batson

Bryan Batson — Thu, 18 Mar 2010 16:48:43 +0000

@Jeff

Excellent post! I’ll be using some of your points in my next Single Property Evaluation class next week.

@William

Quest has the MLS rights to the Austin, DFW, Houston and San Antonio markets right now. These are the only markets that we can access to our members to pull the historical MLS sold comps.

By: Jeff Smith

Jeff Smith — Thu, 18 Mar 2010 16:17:28 +0000

William, Quest is currently TX specific.

Bryan, most growth stage investors are more interested in investing in additional properties with their cashflows rather than a using them to pay off the mortgage faster, but adding a new layer to the graphs above that shows principle reduction occuring with relationship to any of the valuation models is intriguing.

By: William McGowen

William McGowen — Thu, 18 Mar 2010 08:37:56 +0000

Not yet a member, and don’t have any obscure message as above, but I was wondering if Lifestyles Quest was specifically targeted to Texas, or if it can be used anywhere in America?

By: Bryan Phillips

Bryan Phillips — Wed, 17 Mar 2010 02:57:42 +0000

Jeff,
I am not yet a member, but I’ve listened to your show a long time. I have run across a VERY EXCITING way you and your members can have their mortgages paid off. It’s too complicated to go into in this little box. Don’t worry I’m not selling anything it’s just something I ran across and I’ve seen it work with a friend of mine and his $83,000 mortgage was paid in full. Feel free to email me and I’ll forward you the detail for you to check out for yourself.

By: Carl Lentz

Carl Lentz — Wed, 17 Mar 2010 00:36:52 +0000

Lifestyle Quest is well worth the cost and is invaluable in determining comps. You can cancel whenever you want.

This is a great article on valuation. It’s tough to figure out real value with all of the foreclosures, short sales, and damaged properties

By: Jeff Smith

Jeff Smith — Tue, 16 Mar 2010 12:04:23 +0000

Thanks for the encouraging words fellas … I’m kinda turnin’ red, Bill.

By: Brian Carter

Brian Carter — Tue, 16 Mar 2010 04:12:22 +0000

How can I get access to Lifestyles Quest?