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Maria Gudelis on Real Estate

Insider Secret #71: Analyze Your Property system a system Pt. 2

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Basic property information — Begin your analysis by collecting the following basic property information:

Property Address: ________________________________________________

City, State, Zip: __________________________________________________

Property Appointments: Sq. Ft.: __________ Year Built: __________

# of Bdrms: _______ # of Baths: _______ Carport/Garage/None (circle one)

Type of construction: Brick/Block or Frame (circle one)

Property Contact: ______________________ Phone: ____________________

Property Owner: _______________________ Phone: ____________________

Why is this property being sold? _____________________________________

Any offers? _______________ How long on the market? _________________

What do you feel are the best price and terms you can accept for a quick sale?

________________________________________________________________

What is the fair market value† of the house? ____________________________

What is the property potential assessment score‡? _______________________

†Determining fair market value — fair market value compares the property you are considering to similar properties in that area. The comparable properties should be similar in location, size, and age to your subject property. Choose properties from the same

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