Residential Real Estate Comps

Course Outline:

1. Subject Property Information:

   • Understanding the significance of subject property details in valuation.

   • Evaluating property characteristics, including size, layout, condition, and amenities.

   • Assessing the impact of architectural style and design on property value.

   • Analyzing historical sales and transactional data of the subject property.

2. Hyperlocal Analysis:

   • Recognizing the influence of the immediate neighborhood on property value.

   • Conducting hyperlocal market research to understand local trends and dynamics.

   • Identifying neighborhood amenities, infrastructure, schools, and other factors affecting value.

   • Evaluating the desirability and attractiveness of the local area to potential buyers.

3. Timing Considerations:

   • Understanding the concept of timing in property valuation.

   • Analyzing market cycles and their impact on property values.

   • Recognizing the influence of supply and demand dynamics on timing.

   • Incorporating economic indicators and forecasts to anticipate market fluctuations.

4. Price per Square Foot Analysis:

   • Utilizing price per square foot as a valuation tool.

   • Analyzing comparable sales and properties to determine appropriate pricing metrics.

   • Accounting for variations in size, layout, and other property attributes.

   • Applying price per square foot analysis to refine property valuations.

5. Add-Ons and Special Features:

   • Assessing the value of additional features, such as pools, landscaping, or renovations.

   • Understanding the potential return on investment for various property add-ons.

   • Recognizing the subjective nature of feature valuation and buyer preferences.

   • Incorporating add-ons and special features into the overall property valuation process.

6. Case Studies and Practical Exercises:

   • Real-world case studies illustrating the application of subject property analysis and hyperlocal factors.

   • Hands-on exercises to practice evaluating property information and applying valuation techniques.

   • Analyzing and interpreting data to make informed decisions and support valuation conclusions.

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Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!