Don’t know how to determine property value? If not, it’s best to start learning since you’ll NEED to know a home valuation before you buy, flip, or wholesale any real estate deal. While many apps and software promise highly accurate valuation numbers, the most accurate form of a valuation will be one done by an appraiser, an agent, or yourself.
Anson walks through the three parts of accurately coming up with a home’s value, all of which can be done inexpensively and often from the comfort of your own home. This is one of the real estate muscles that you’ll need to get reps in before you can start taking on bigger and better deals. Next time you’re around an experienced agent, wholesaler, or flipper, ask them what they think a house is worth, you’ll most likely get a surprisingly accurate ballpark figure!
How do you beef up your valuation skills? Let us know in the comments!
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Get Tickets to BPCon 2021:
https://www.bpcon2021.com/
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Networking and Getting to Know Real Estate Professionals In Your Area:
https://youtu.be/vpwR1FmIK34
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Use Code “DEALS20” When You Buy Finding and Funding Great Deals:
https://store.biggerpockets.com/products/finding-and-funding-great-deals
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How to Challenge a Low Appraisal—And Win a High Valuation:
https://www.biggerpockets.com/blog/low-appraisal
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Follow Anson on Instagram:
@younganson or https://www.instagram.com/younganson
00:00 Avoid a Dumpster Fire
02:03 Valuations 101
03:20 Part 1: Get Expert Help
07:30 Part 2: DIY Valuations
15:57 Adjusting Your Comparables
18:06 Part 3: Live Valuation
20:07 How to Value a Property
22:29 Pro Tip: Learn the Skills, Rely Less on Software
23:21 Action Steps
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