Finding a Best Buy

As I continue to mention there are three popular approaches in determining a best buy: 1.) for investors, rental property that yields a positive cash flow with minimal down payment. 2.) Properties where the asking price is substantially below like kind homes that have sold within the last six months. 3.) Properties where the quality or condition is above average, in a highly sought after area, in a neighborhood where the inventory for sale is relatively nonexistent and are selling at or below market value.
Of late the focus has been on the Real Estate Agent and his or her ability and understanding of the market and how best they can help their client exploit certain variation on these three points. In this regard let’s take point (2) Properties where the asking price is substantially below like kind homes that have sold within the last six months. Most recently I came across a listing in Diamond Head, Black Point neighborhood. The property was offered at $1,395,000. The land was assed at $2,179,000 and the structure was $203,900. Black Point is a very desirable area. When looking at the comps this 1,395,000 did meet the requirement of selling substantially below like kind homes that have sold within the last six months. Even if the buyer was considering tearing down the structure and buy only for the land. The assessment still gives a strong indication this is a good buy.

If you would like any further details on this property or other potential best buys please do not hesitate to call 503 475 6872, Abron Toure. Let me show you how this property or any other can be turned into a great opportunity.