Analyzing YOUR Market

When the shows come to town and the Pixie Dusters “teach” you strategies to make a quick $5,000./week in Real Estate, I resent the fact that they avoid the basics!
In my course “How to Become a Real Estate Investor in 12 Easy Lessons” you’ve got to MASTER an Area and the Values. Basic! If not, you miss the deal. Like the Prince in Cinderella! At least at first. Do you want to go through your whole area with that “Glass Slipper”, now knowing you had the opportunity of a lifetime right in front of you? I don’t think so. There’s no need to. Understand the Market and Values. You’ll know it when you see it and can act on it!
At our monthly meeting we analyzed Peabody, MA and found THE area that was moving. From the MLS I found in the last 30 days, 61 Single Family Listings. Average List Price $366,409. Average Sale Price $252,944. Average Market Time 89.16 days
I believe this data is misleading because it is a compilation I use of Active & Sold property which helps me with my Comparable sales. I also use the most recent 90 days.
But it did help me make a point of where to act.
Of the 9 actual sales 8 were in the $169k – $319 Bracket.
My point was that you would be prudent to buy/fix-up/sell in that price category once you knew the values! Especially since there’s almost no activity above that bracket. In addition to longer Market times and Carrying costs are higher.
Need a Partner to help with your Real Estate Investing? In this market a mistake, like overpaying, takes a long, long time to correct. I’m glad to work with you and Easily help you through “How to Become a Real Estate Investor in 12 Easy Lessons!” [email protected]

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