Take a close look at a property’s Net Operating Income and Capitalization Rate before buying.
Most investors are quite familiar with the standard formula in income property valuation: Value = Income/Capitalization Rate. Most income properties are offered with a stated capitalization rate. Sometimes it is based on the owners most recent historical income and expense statement or based on the real estate agent’s pro-forma. There are some important issues to consider: Read More
Property valuation is defined simply as the process in which the economic value of real estate is determined by establishing the price at which an informed seller would willingly sell their property to an informed buyer. Doing an accurate property appraisal relies entirely on collecting data methodically and accurately. There is no one universal way for Daytona Beach property appraisers to determine a property’s value. Instead, we utilize three different valuation approaches – continue reading to learn more. Read More