Norwood Business Portal

Listed comparables are properties currently on the market and similar to property in which you are considering investing. Listed comparables set the ceiling of retail value for real estate. They set the ceiling because they have neither sold nor closed escrow.

There are seven ways to recognize value in your target area. They are sold comparables, pending comparables, listed comparables, expired comparables, appreciation rates, new or planned development information, and vacancy rates. Sold comparables are the first way to know value in your target area.

There are four great forces that influence the value of real estate. They are physical forces, economic forces, political forces, and social forces. These forces are present in every real estate market in the country. How they influence your target area is up to you to determine. We use the acronym PEPS as a memory [...]

There are four elements of value in real estate. They are demand, utility, scarcity, and transferability. These elements constitute the value of a piece of real estate. We use the acronym DUST as a memory aid to keep them in mind. Other people prefer STUD, but we won’t get into that.