Hi there, first of all introduce myself - my name is Tal Avraham, a real estate investor and owner…
Hi guys,
First of all, I introduce myself - my name is Tal Abraham, a real estate investor and owner of the investment company Safe Investments US.
Workers in Pittsburgh, Pennsylvania.
I was educated as a Software Engineer, after many years of high-tech in various software development and management roles, and after several years of investing in conjunction with my work in High-Tech, where I built a number of local and reliable teams, with whom we locate assets, initiate projects, and make the investments, I decided to go independent. In real estate in the US.
Today, several years later, he is accompanied by dozens of investors, and lecturer in one of the real estate studies schools.
In this post, I will talk a little about the auto-valuation of assets from various sites in the US (I'll try to shorten as much as possible, the full article exists on my blog).
Some of the benefits of investing in the United States are data transparency, but of course you need to know where and how to look, why to relate, and why not.
One of the best known sites is Zillow, a great site that provides lots of useful information, such as asset price history, the ability to examine properties in the neighborhood, school levels, and more.
On the other hand, one of the problematic things about Zillow is the automatic valuation issue that the site calculates for each asset, known as Zestimate (and also exists on other similar sites).
The problem is, this automatic valuation can deviate from the real property value by tens of percent, since Zillow's calculation relies on sales of similar homes in the property environment. "Similar" means homes with the same number of bedrooms, bathrooms, and about the same size. But there are so many other parameters that affect the value of the property, such as:
* Property Location - Property on Main Road will be worth less than the same property which is slightly more within the neighborhood, on a quiet inner street, or a dead end street.
* Internal status of the property - There can be tens of thousands and even hundreds of thousands of dollars between a renovated property and a neglected property.
* What is the state of the property's main systems - heating, cooling, electricity, plumbing, roofing.
* Visibility inside and out - Is there a new kitchen and bath? What is the type of floor in the property? What is the exterior of the property made of, and what does it look like? (In English it's called Curb Appeal)
* Are there parking spaces for the property, and how much? Is there a warehouse?
* Property age
* There are sometimes very large differences in house prices between two adjacent neighborhoods. Zillow does not know where one neighborhood ends and another neighborhood starts, and therefore houses from the other neighborhood within its search range will be included in the calculation of the valuation.
For all of these reasons, and even more, you should not consider Zillow's automated valuation or any other site, but rather perform an in-depth analysis of the value of the property according to all the parameters I have specified, with the help of a real estate agent or professional.
Link to the original post in the United States Real Estate Forum on Facebook - Works on a desktop computer (To view the post must be members approved for the forum):
https://www.facebook.com/1885945295012997/posts/2186188661655324
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
Thank you for the information!
Thank you for the information
magnificent.
Thank you.
Great value
Hi Tel. Great and helpful post. Glad you're here with us. From my professional acquaintance with Tal, there is definitely a lot to learn from him - a guy on the kippak. We would love to hear from you more. ?