Predicting Final Sales Price

[@freedom_mentor]

Master the skill of predicting final sales price with my Apprentice Program. Apply to be my next apprentice here: www.freedommentor.com/apprentice

[@Michael-vc2cs]

I've noticed that some of the most valuable neighborhoods have some of the nicest most mature natural landscapes. That's a great point!

[@miguelinspirado]

So true. With how hot this market is we’ve been able to sell at a premium. Sold and appraised for the higher value.

[@jh5741]

I can see how already being a licensed agent can be very advantageous in regards to investing and being able to gather the data for a successful transaction.Good info!

[@AberrantArt]

Thank you Phil. Big fan of your content and how much great info you share.

[@freedom_mentor]

You're welcome! We appreciate your support.

[@tonycadiz891]

You are so the best!!! Thanks Phil!!!

[@BoldWittyName]

Phil is great. That said, very disappointed one of his 'hats' wasn't a "buyer". You need to ask yourself "who is the target market and what are their expectations?" when you sell or flip. For example are you selling a starter home, where a first time buyer who *likely* has no money will want to move in? You better have all appliances, window treatments etc so the buyer can preserve their cash. Alternatively if you're selling a 5 bedroom home in a nice neighborhood, it might be expected that the new buyer will be spending $20k or more to 'make it their own' and those hundred dollar items are a drop in the bucket for them.

[@freedom_mentor]

You and I are in complete agreement. I wrap "Buyer" hat into the "Real Estate Agent" hat because that's what a smart real estate agent does. I could have made that more clear in the video.

[@georgepatton5247]

Well done coach!

[@TyroneBryant]

Excellent session.

[@bdbhar1179]

Tthanks Phil !! Hey do you know and investors buying in Philadelphia area?

[@garysconnor]

Great content once again Phil

[@GH-iq9yt]

Awesome love it🔥

[@freedom_mentor]

Thanks!

[@robertmennella9362]

amazing video thanks

[@freedom_mentor]

Thank you! We appreciate it. Any other content you'd like to see made?

[@mordykatsevman8161]

Thank you very much for another awesome and practical video!!!!! A quick question here, does the appraiser look at the price per square foot or the total absolute value when comparing different similar-sized houses?

[@freedom_mentor]

Appraisers use a system of value adjustments to compare properties; certainly square footage is an important component, but there are many other facets of comparing properties including construction quality, main level versus second floor versus basement square footage, the size of the lot/acreage, etc.

[@twoplustwoequalsfour48]

FASCINATING FANTASTIC!!!!!

[@tannercollins2925]

Phil can I do anything significant in real estate with $3000?

[@JuancoPRoFlow]

Start wholesaling or invest the money on reits stocks

[@GleamingScythe]

Ah, you finally used the 'M' Word. I've been waiting for months for you to do a video on Eviction Moratoriums. I need to hear your take on what the loss of authority over your property means to you & the growing cancel rent culture, especially now that there's a federal moratorium that doesn't just affect HUD properties or Fed loans like with CARES.

[@LMays-cu2hp]

Thank you.

[@chriswalls5831]

Real estate is growing faster than ever

[@rcruz401]

What's up Phil. Thank you for all you do. I have a 1031 exchange in progress where I've already identified 3 properties of which only 1 is remaining and I'm past the deadline. That one property is a duplex and only requires 20% down. My exchange will cover that with 26k remaining of which I'd like to use to put towards another property. How can I structure the deal where I wouldn't have to use the 26k but I also Would not get hit with Capital gains on that amount?

[@freedom_mentor]

Assuming you haven't booted, and still have some time left, you would use the $26,000 on another purchase.

[@rcruz401]

@@freedom_mentor Even if the other purchase is a property not identified in the initial 3?

[@freedom_mentor]

@@rcruz401 That is a good question for your 1031 intermediary. I believe it's fine to buy another property outside of the 3 that were originally identified.

[@ivandelossantos6003]

excellent Sir

[@samlyons3552]

always talk to the neighbors

[@zitawillingham4391]

In this market it's going to sell for what ever you ask with all the bidding wars going on

[@andresvasquez929]

$1M 2020 🙋🏻‍♂️

[@JJTrades_X]

I don't sell assets, unless its to buy better assets.

[@freedom_mentor]

When I first met my mentor, he asked me if I like blonds or brunettes. I said blonds. He replied, "I like 'em all." The point of the story is that some deals are best monetized by selling while others are best to hold.

[@JJTrades_X]

@@freedom_mentor haha very true

[@bignickbuyshouses8807]

Expired and withdrawn great signal!

[@LMays-cu2hp]

Thank you.