And to top it off, I actually go and look at all the houses that the realtor used in doing the CMA. As the saying goes.seeing is believing. Nothing makes me more comfortable than actually seeing and comparing the houses that have sold to the house I'm thinking of buying. If my house will look the same or better, it's a go!
Expect to be asked to sign in and show identification. Even with do-not-call realty agents and property owners want to know that they're safe during open houses. If you don't want to sign in which can create a relationship where an agent can follow-up from an open house, than be prepared to show identification. There has been a rise in crimes against real estate agents in recent years and safety is a number one priority with them.
Gossip about the property when you're in it. Decorating style, property condition and personal photos might prompt you to make unfavorable comments. Save them for later.
In Metals space, Sesa Goa and Jindal Saw witnessed the highest addition in open interest at 9.35% and 7.76% on the back of long accumulation while Ispat Industries and Hindustan Zinc shed 21.98% and 4.75% in open interest respectively.
Who will you expect to see flocking to these business affairs held to market private homes? New real estate agents trying to see inventory or experienced ones with clients or previewing homes for time-starved ones, nosy neighbors, those looking for decorating tips, trends or nightmares and course the proverbial real estate groupies who make an event of seeing how the rest of the world lives. Oh yes, and the occasional real thing; a homebuyer. The real thing are hard to come by at public open houses as less than five percent of all homes are sold at public open houses according to industry sources. Mark Nash author of 1001 Tips for Buying and Selling a Home offers do's and don'ts for those planning to attend public open houses in 2006.
Another way to figure out ARV is to get an appraisal from a certified appraiser. Yes this costs money, but if everything else looks good about the deal and you are uncomfortable with the realtor's comps, you can always get the opinion of another professional. They go more in-depth when appraising properties then realtors might. However I only trust the appraisal when I actually hired the appraiser. This way I know that I have given him/her the instructions on how I want the appraisal to be completed.
I feel most confident and get that warm and fuzzy feeling when my ARV is the result of the following situation. A knowledgeable real estate agent has done a complete market analysis or "comps" and then I've listened to what the agent has to say about the neighborhood. He or she tells me the type houses that are selling the quickest, what buyers are looking for and anything else that's relevant and can be backed up with facts to help me feel comfortable in arriving at the ARV or After Repaired Value of the house.
The best part for these cottage home plans is that they can be built in every location, no matter it is the city like place or the rural area, these fit both the places. Of course the looks of them are a bit special, so it will not be a good idea to have that sort of home in a colonial place.