How to Find a Great Realtor to Run Your Property “Comparables” (Comps)

Establishing value on your property is critical. Skill number one above all other skills to master.

The most important aspects of being a real estate investor is the ability to establish value on houses or properties you are considering buying, wholesaling, or flipping. Irregardless of location, be it California, New York, Houston, or Dallas its a must know skill to learn in time.

But how do you master comping property if you do not have Multiple Listing Service (MLS) access? How can you practice and practice running comps (like I have until you breeze through it), looking at land, comparing variables like year built, location, lot square feet, bed and baths, subdivision and lastly what is the property next too? Is it next to a commercial center, stinky ranch or pig farm or a nice area with a creek or lake? These factors are important to know in learning to master running comps on property.

Before you can become proficient with running comps you need MLS access from a realtor if you are not one already. And this is how you do it. You want to find a realtor you know on a personal level, maybe a friend, friend of the family, or relative. If you don’t have a realtor on hand you need to make friends with one.

This is how you go about making friends and getting MLS access. Drive for dollars and find a vacant, boarded up house ones you want to consider buying or wholesaling. Find two or three, then call a few Realtors up tell them you are real estate buyer or investor and need a good realtor to buy through and run comps.

Start off only giving them a few addresses to comp then a week later give them a few more, meanwhile take them out to coffee get to know them, their likes dislikes, hobbies, etc. Form a relationship with them. A week later give them a few more comps to run, be sure the houses are in your actual buying areas of interest. In other words make sure its real comps of real houses. Its one way to get to know your platinum areas.

Phone your realtor talk to him or her about the houses he or she comped. Make the chat a casual conversation. Ask them if they would like you to refer them (realtor) to the sellers who want to list. Of course the realtor will say yes! Let them know not all sellers you meet are desperate or motivated sellers and some simply need a good realtor to list with.

Then when a seller does not want to sell ask them if they would like to talk to your realtor to see if listing is right for them. Call the Realtor and give them the seller’s name, phone, address, and the condition of the house. This will show the realtor you are serious. No one works for free. Keep track of those referrals maybe the realtor will give you a small finders fee once listed and sold, just don’t ask for one at this point. Your sole goal is MLS access! The gold standard of running comps.

Somewhere in the discussions you are giving them the comps to run, they start to get a bit overwhelmed at the extra work load of running the comps for you. This is what you want. They need to realize in the back of their minds without you mentioning it, they should just give you MLS access.

However, when you feel its a good time tell them you can “save them time buy getting MLS access as an “real estate assistant” or such, just whatever is easier for them” which they can ethically do. This is why, they have real estate assistants who run comps for them, look up properties on the MLS and help out in the office for them.

If you are giving them leads they are going to be more than happy to give you the access you need once you establish trust with them. It is wise to be working about 2-3 Realtors at once to see who is actually a big picture or forward thinker. Do this until they get you the MLS access. Do this until you can speak their language. Do this until you get your MLS access. But stay in touch with the other Realtors, because you never know when you will need them too.

Let this soak in a bit and see if it helps you to get the MLS access you need. Zillow or no other comp service is worth a darn, hey its hard enough to establish value with the MLS as it is. Some Realtors will say they can run the comps but a realtor see’s comps through a different light than the investor. Here is one major difference, WE write the $200,000 check to BUY the house, Realtors only list the house. We better be right-on with our comps! Get it!?! So they see running comps through a different pair of glasses, and this is one of many reasons why you need the actual MLS access yourself.

Statistics Programming – Easing the Pain

Different sets of software are being developed everyday just to ease man with some of his technical works such as in the field of business. These programs are specially designed to make high speed calculations and analysis of the data and come up with a soft copy of information output that can be used instantaneously after the software processes it. Statistics is one of the most complicated clerical works of anyone who is studying or working in the field of economics, politics and even social matters. Statistics is deemed to be of importance because it gives a type of descriptive conclusion or interpretation that can be very precise depending upon the quality of data that has been gathered and the competence that is given to organize, interpret and represent that data. But even with the level of competence that a person has with regards to his statistical skills, there is still a probability that a miscalculation might be made and alter the holistic outcome of the statistics.

However, because of the rapid advancements of technology and the evolution of the functions that can be performed by the humble computer software developers has come up with a certain software program that can make ease any statistician of all their statistical tasks. The development of a program that is able to perform the task of organizing and interpreting statistical data was q revolutionary breakthrough when it comes to statistical analysis help. Statistics programming is defined as the systematic calculation of all the numerical data that has been downloaded into the system wherein it is organized basing upon the categories. These categories are classified upon the nature of the data that has been downloaded. After the process of organizing the data, it will be then interpreted numerically. This function of statistical programming helps to lessen the burden of work and also to maximize the output of a statistician.

Statistical program is composed of sets of languages. There are a total of 17 categories in a statistical program and these are the following;
• Analytica, ADMB
• Gretl, GAUSS
• Mathematica
• OxMetrics
• Quantum (Programming Language)
• Programming Language, SPSS, Symbolic Data Analysis, Sysquake, SAS (software and language), Speakeasy(Computation), SHAZAM (Software)
• World Programming System
• XLispStat

Each of these categories of Statistics Programs has their own unique sets of functions. Each one of it is capable of performing specific functions about statistics. The MATRIX LAB is one of the statistics programs that are widely used today. It is a program that is provided by a certain company that is said to be fully capable of solving ad coming up with solutions with regards to any mathematical or numerical problems that are fed into it. The MATLAB assignment helps not only statistics but also other aspects that majorly require the use of mathematical equations and solving. Because of these software programs, statisticians are given more time to pay attention to other details of the data and leave the organization and the interpretation of it to the statistics software.

Looking At Coastal Businesses for Sale?

Coastal businesses for sale in New Zealand provide the prospective buyer a wealth of opportunities to continue the successful operation, or development of, a viable business operation that not only offers financial growth and security, but also a lifestyle change that can only be experienced in coastal environments. Consisting of three islands, New Zealand is blessed with a near endless supply of unspoilt and scenic coastal areas, ranging from secluded bays, sandy beaches, scenic harbours and inlets, and rugged coastlines. The popularity of such regions is proven by the population bases that are located in such regions. Being in high demand by both international and domestic tourists, many coastal businesses are based in the tourism and hospitality industries; sectors of the economy that are vital for the long term growth of gross domestic product in New Zealand and one of the mainstays of the New Zealand economy.According to statistics released by Tourism New Zealand, tourism is the country’s largest export earner and the number one contributor to the economy, surpassing the revenue generated by the farming and agricultural industries and contributing over $8 billion dollars each year. Furthermore, the data highlighted that this trend of growth is set to continue with average increases in profit of 4.3% experienced by the industry. Furthermore, international visitors are predicted to rise at a steady rate of four percent each year, with the income derived from international tourism forecasted to overtake that of domestic tourism in 2011.The Rugby World Cup in 2011 promises to provide a boost to the economy through tourism earnings. With New Zealand on showcase to the rest of the world and numbers of 85,000 extra tourists predicted to be in New Zealand for the largest sporting event of the year, there has never been a better time to secure a coastal tourism operation or business for sale in New Zealand. According to the Chamber of Commerce, the Rugby World Cup 2011 offers significant economic benefit, especially to those businesses within the tourism and hospitality industries. Furthermore, the event will highlight New Zealand and confirm it as one of the most desired international tourist destinations.The value of this will be represented with the spin-off effects of creating more desire and demand for tourism, and as a result, the profit generating ability of those businesses who are best able to take opportunity of these increased numbers and popularity. Coastal businesses for sale in New Zealand are steadily increasing in their demand as many astute business persons are realising the revenue opportunities of coastal, tourism and hospitality businesses. Not only do they provide a future income, but they do this in an area that is under high demand by international and domestic tourists. Secure your own piece of paradise and consider viewing coastal businesses for sale today.