REE 3043 Study Guide - Final Guide: Earnings Before Interest And Taxes, Prepayment Of Loan, Capitalization Rate
Document Summary
Chapter 10 pages 3, 4,5, 6,7,8 ,10,11,12, 14,16, 18, 23. Chapter 11, learn the 3 c"s (very important). Chapter 12 pages 4,7, 10 16, 19 (very important), 23, 26. Knowing today"s real price is the only way to ensure a good deal. If buying as an investent, money is made when you buy, so this is your only chance. Getting to know square footage, beds/bath, features, age and location characteristics. Look for recent, close, similar function, similar age and note difference of features. Using the same criteria, identify comps that best compete with subject property. Determine what the subject should be listed for to most likely sell given the competition. Tour the most similar listings and talk to the agents or owners selling them. The fmv will be the lowest of the value from sales comps or active listings. The previous steps are what realtors do when preparing a cma.
