Hello Rob … thank you so much for the input , me being a newbee realy appreciate this typ of info

I would count that square footage in living area for starters. Then, that area would be cost out based on added to the price based on cost to construct then depreciated to give a more accurate estimate of the extra 250 sq. ft. As a broker and investor, I think the ARV you used, while valid, doesn’t accurately show how a professional would both price and list that particular property.

Good video clip, ans short. Long ones = risky: people have a short patience today, they start, watch for a while then run off…
Conclusion: DO NOT make long VIDEO Clips no matter how good they are!

I JUST WANTED TO LET YOU KNOW THAT I REALLY ENJOYED THIS VIDEO OF YOURS,IT OPENNED MY EYES OF OTHER WAYS TO INCREASE THE VALUE OF PROPERTIES.BY THE WAY,WHATS THE LEAST EXPENSIVE WAY TO DO A JOB LET THAT ? SO YOU CALL IT ‘IN CLOSED’.
THANK YOU,
KEVIN

Great stuff…thanks Rob,

Listing agents also add finished garages as living space, which is fine. But a finished garage often changes the functional layout of the house. And quality of a finished garage is often lower. So while it does add to finished living area it may actually detract from overall value.

IF you see significant differences between the listed SQFT, county records or similar houses in the area, take a closer look.

Your explanations are clear and pragmatic and easy to follow.
Thank you !

I have a question: when I make an offer to purchase a property in Pennsylvania I use the forms supplied by the local realtors.

When I make an offer in other States, should I use the same forms ?

Thanks and regards,
Peter

I have been a residential real estate appraiser for over 25 years and your analysis is correct. HUD, FHA and VA only allows us to to consider what the county has as changes done with permits. Realtors are suppose to advertise only area that has been added properly with permits also. The only two suggestions to your analysis is for neighborhood sales only go back six months and look at the sales your using as comps to decide if they are REO’s, short sales or true arms length….

it realy helps wen you give these little videos,thank you

Rob:

This was very informative information. My sister and I have really never gone by the sq ft amount for the reason you are saying. Just have to look at the pictures of the houses you have taken of the property you are selling and work the comps individually on each comp house.

Thanks, again for these videos!

Betty Stanley
Nancy Stanley
The Twins Homes

good advice

When I worked for buyowner.com I did over 1000 transactions withing three years. I eventually got really good at predicting the price the home would eventually sell for. Not once did I use PSF. I would print as many photos as I could of the comps and the property history (real important) of the comps and then had a brainstorming session with the seller. It’s amazing what owners know about their particular neighborhood. Of course as a buyer you won’t be able to get a seller to open up like I did, but it can really help talking to the seller about other sellers in neighborhood. I’ve found if you can strike up a good rapport with the seller they are more likely to want you to be the one to get their house too.

BTW, the “charm” of a home can do a lot for the saleability. I notice house #1 had a fireplace. Unless it’s taken for granted in your area I would think that would add to the value. I would also temper charm with what an appraiser is going to see. You need to see things through their eyes too these days.

Stephen

Your practical common sense view has made your input valuable to me. I’m now starting to look at properties in a new light and from your perspective. Thanks Rob

Didn’t quite see an easier way to determine the ARV! What is a Good formula to figure it out? Thanks.

Good stuff Rob.
I’m a newbie thats soaking it up like a sponge.
Thanks for the help.I like the straight and to the point lesson.

i like it.

thank you Rob very good videos and very good explinetions

Rob,

Thanks for this valuation discussion. The issues of comparable value and repair estimation are the biggest hurdles I face in coming up with an offer, and I’ll bet it’s the same for everyone else out there. I look forward to more of these discussions!

Patrick Henry
Portland, OR

using it all of the time, hope apple doesn’t think like that and removes this useful feature (like it has been doing with other stuff on lion)

Chase On the web login banking is probably the most effective online banks currently for my part. They provide competitive fees and truly do an awesome task at buidling yoru banking account. Stop by chaseonline.com
for a seem and also you can read about it for youreslf.

Picture you are touring as part of your auto therefore you experience a large velocity breaker in the middle of the route that you just really need to cross. You feel not comfortable mainly because you will be knowledgeable your auto provides a lousy Suspension Parts . Even so, for those who had powerful suspension components mounted, there was no will need to fret about bumps or other very similar hurdles. Suspension sections may help you to cross hurdles about the highway efficiently.

Let’s verify out the different elements of a suspension system.

Regulate Arm: This can be often known as wishbone. The form of this suspension portion is sort of triangular. It resembles ‘A’, so in some cases additionally it is called the A-arm. On a person facet, it’s hooked up to a steering knuckle with a ball joint, and on the other facet it is hooked up to an arm shaft with bushing.

Bushing: A small but important aspect within the suspension technique. Bushing is generally built of synthetic rubber to independent out its two steel sections. This synthetic rubber allows both metallic sections to coordinate effortlessly. Furthermore, it can help the suspension parts to move freely when navigating a big bump, as an example. You’ll find polyurethane bushes also out there during the market which might be much more resilient.

Ball Joint: A ball joint is actually a spherical bearing. Normally, it truly is accustomed to join the steering knuckles and the handle arms. It really is a vital part between the steering and suspension, and it really is accountable for protected operation. The difference among these as well as the conventional ball joints is that lubricants are usually not wanted for sealed ball joints as they are presently lubed, whilst common ball joints need to have normal lubing else they may result in reduce handle.

Sway Bar: Sway bars are regarded as stabilizer bars. A sway bar is used in a motor vehicle suspension program to lower jerks induced by irregular street surfaces. It also allows the motor vehicle to help keep a ‘grip’ within the street to ensure that the motive force can steer the motor vehicle properly, even even though turning or in the circumstance of inadequate street surfaces.

Idler Arms & Pitman Arms: Idler and pitman arms depend to the support of steering linkage. An idler arm is fitted to the opposite of pitman arm around the center link. It aids to hold the center link at a proper height by attaching one other end onto the motor vehicle frame. The Pitman arm can help to steer the wheel for the reason that a person of its ends is hooked up to the vehicle’s steering gear.

The ones discussed here are only some in the auto suspension components. You’ll find many extra big and tiny sections within the suspension system. Adjusting sleeves, center links, drag links, strut mounts, sway bar links, tie rod ends, wheel hubs, and other related pieces are components of auto suspension. Without understanding these parts, you cannot fully understand your auto suspension method.

Great blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol

Envision that you simply are touring within your automobile and you simply face a significant pace breaker from the center of the route that you just really need to cross. You are feeling uncomfortable since you happen to be aware your vehicle contains a bad Suspension Parts . Having said that, in the event you had successful suspension pieces put in, there was no will need to fret about bumps or other equivalent hurdles. Suspension components may help you to cross hurdles within the highway easily.

Let us verify out the various aspects of a suspension technique.

Handle Arm: This can be also known as wishbone. The shape of the suspension portion is sort of triangular. It resembles ‘A’, so occasionally additionally it is referred to as the A-arm. On 1 facet, it’s hooked up to some steering knuckle with a ball joint, and for the other aspect it’s hooked up to an arm shaft with bushing.

Bushing: A small but essential element while in the suspension system. Bushing is usually manufactured of artificial rubber to independent out its two steel pieces. This artificial rubber allows equally steel areas to coordinate smoothly. You’ll find it can help the suspension parts to maneuver freely when navigating a sizable bump, one example is. You’ll find polyurethane bushes also accessible inside the market that happen to be more resilient.

Ball Joint: A ball joint is a spherical bearing. Frequently, it can be accustomed to be a part of the steering knuckles plus the handle arms. It is an important element in between the steering and suspension, and it is responsible for harmless operation. The real difference between these along with the conventional ball joints is always that lubricants are usually not necessary for sealed ball joints since they are previously lubed, when typical ball joints need regular lubing else they might trigger eliminate handle.

Sway Bar: Sway bars are also recognized as stabilizer bars. A sway bar is utilized in a motor vehicle suspension process to cut back jerks induced by irregular road surfaces. What’s more, it can help the auto to maintain a ‘grip’ about the street to ensure the motive force can steer the automobile properly, even when turning or in the case of very poor road surfaces.

Idler Arms & Pitman Arms: Idler and pitman arms depend about the support of steering linkage. An idler arm is fitted to the opposite of pitman arm to the center link. It can help to hold the center link at a proper height by attaching another end onto the automobile frame. The Pitman arm allows to steer the wheel due to the fact one particular of its ends is connected to the vehicle’s steering gear.

The ones discussed here are only some on the auto suspension parts. You will find many a lot more big and modest parts within the suspension technique. Adjusting sleeves, center links, drag links, strut mounts, sway bar links, tie rod ends, wheel hubs, and other similar components are components of auto suspension. Without understanding these parts, you cannot fully understand your automobile suspension program.

I simply want to say I am beginner to blogs and truly liked your website. Almost certainly I’m going to bookmark your blog . You absolutely come with terrific articles. Thanks a bunch for sharing your website.

Wow, Rob! This totally makes sense. Something that I never thought of before. Thx
lol There you go again with the “Quick and dirty” statements.

Thank You Rob for your help.

Hi Rob,
I wondered how spaces that are not considered “living” space is evaluated. Very intersteing. Thank you.