David Saks: October 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3756

rent

The answer to the question is no, although I'd like to hear from our appraisers, and anyone else that wants to get in on the discussion.

Single family homes appear to fall under a different set of priorities as opposed to those properties that are purchased for the purpose of serving as income producing properties. Don't we buy single family homes for the appreciation ?

Raising the rent on a home won't increase the value of the home. That's the responsibility of the market changes, condition, the certified appraisal report and other situations. Supply and demand is another factor that changes the value. Location and desirability also work well into the process.

Speak with an appraiser today and see what influences the value of your property.

You can always increase your potential for value by purchasing property in areas where tenants want to live if your goal is for a healthy income from your investment.

The bottom line is that the best way to get value on the front end is to buy below market.

Does anyone disagree ?




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • October 13 2014 12:19AM
Real Estate Practice : Lesson 3756
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