NJ Investment PropertyAgents are familiar with supply/demand trends, pricing trends, and trends regarding specific areas of real estate investing, such as investing in commercial NJ real estate. However, with modern web tools, you can do most of the research yourself. These tools include such websites as:
Of these, Zillow is a real estate sales tool with which you can find out the estimates, or zestimates, of likely sales prices for the property in the area. In addition, based on page views, you can see how much interest there has been for that property, for the ZIP code, for the suburb, city, and state. Redfin works much the same way, but offers great graphical tools for seeing the pricing trends for the particular real estate, city area, and state region. You can also immediately see how long the real estate has been listed at Redfin, which is invaluable service regarding your position in the price bargaining table later on. But what I find especially useful is the way you can sort the properties based on either address, location, price, beds, baths, and sqft. However, from investors point of view, the ability to sort by $/sqft and by days listed, are especially useful, as you can find real opportunities with low priced opportunities, which may come from distressed sellers, or by looking at long listed properties, which usually means motivated sellers. |