Real Estate FAQ
Posted by Joe Manausa on Monday, January 3, 2011 at 11:51:13 PM
By Joe Manausa / January 3, 2011
5 Comments
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please call me 850 5089484
asap i would like to see one of ur properties asap
thank u diane verdiano
'HT Use The Housing Turnover Rate To Beat Your Competition'
Joe, in reporting on a subject property's turnover rate as of 12-1, do you employ just the previous month's number of sold homes in your computation, or do you use an average # of sold homes instead - since the previous January 1, for example? Some trainers make a case for the former. So I wondered about your own calculation.
Hey Richard, I use the 12 month trailing average, I believe it produces a more accurate forecast by removing seasonality.
Joe,
I'm trying to build equity in a home I currently own in Summerbrooke and want to know if it is worth renovating some spaces for updated use to increase equity in this area.
Thanks!
Hey John, short answer is "it depends."
If you are adding space, you're most likely losing money (cost to add is greater than current values ... which are below cost in Summerbrooke).
If you are modernizing kitchen or baths, perhaps.
These are very vague answers, but the current state of the home factors heavily in how I would answer.
If you plan on being there for quite some time, only do things that you will enjoy. Everything else won't make sense.
Does this help?
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