Norwood Business Portal

Again, the answer may surprise you. The average price for these properties is $170,000! You can see that the average price is $15,000 higher than the median price ($170,000 versus $155,000). Property 4 and especially property 5, with their higher sales prices of $180,000 and $290,000, respectively, skew the average price higher.

The median price is different than the average price. The average price is higher than the median price and is skewed that way because of the expensive property in an area. As we have already said, the median price is the price point right in the middle of all the property values.

Most real estate investment systems teach you to find the right property. Although there is nothing wrong with the right property, we find we get better results when we place the emphasis on the right seller. Don’t take us the wrong way here.

In here, we had you prioritize your goals for real estate investing. These prioritized goals became your destination point(s) for your investing. Your first step in evaluating property is to see if it can match up with your prioritized goals.