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HOW TO AVOID THE BIGGEST VALUE TRAP IN REAL ESTATE TODAY!
What you don't know about real estate values will cost you $money$, and It doesn't matter whether you are buying or selling. The principles remain the same, and without some basic understanding of how to properly value a particular property you are probably going to lose $money$.
The main purpose of this web site is to raise your awareness, show you how to avoid the biggest mistake that exists in residential real estate, and offer you our very affordable HOT PAKS that will change the way you buy and sell real estate forever.
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What is this trap and how does one avoid it? The trap is using the "old school" selling price per square foot (SF) to make adjustments, or allowances, for the differences in various home sizes.
The owner of Curb Side Value has been a real estate agent for 36 years now and when he was first selling homes he used the selling price per SF because he didn't know there was any other way to put a value on a property. That was until he decided
 he wanted to go to appraisal school in 1985. The world of real estate suddenly became a very different place for him to live and work in.
Over the many years of his appraisal practice the two main questions that he receives constantly are the following; how do you give a value to a view, and secondly how do you make adjusments for the differences in home sizes. These two questions seem to arise from Realtors just before they are getting ready to go out for a listing appoinment. After he shows them how to quantify both issues the light bulb shines like a bright beacon because the Realtors now have a way to make informed presentations, and be able to impart accurate information for the rest of their real estate career. They are thrilled to have had somebody take an interest in their career, and he is always thrilled to have the opportunity to indirectly help out the many buyers and sellers that these Realtors will be working with now and in the future.
The principles that you will learn about with our HOT PAKS are the same whether you are buying or selling, and it doesn't matter whether you are in Hawaii, California, texas, New York, Florida, Alaska, Michigan, Georgia, Colorado, Vermont, or any other one of our great states. The principles remain the same! Although we haven't researched the real estate markets in other countries, we are fairly certain that these principles will also work in Canada, England, Ireland, Scottland, Austrialia, New Zeland, and many other countries around the world.
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Most real estate agents, home owners, and investors fall into this selling price per SF trap when attempting to quantify a value for any used residential property.
Appraisers do not use the selling price per square foot to make size adjustments and neither shoud you. Let me give you an explanation of this because without an understanding of this concept you are probably going to loose money in the future. We want you to maximize your investment dollars, be well informed, and to be able to better calculate your gross equity position for a future purchase or sale.
 Here is what typically happens when you are not skilled in dealing with just the house when considering a particular property. Let's look at the three following sales for an example.
Sale 1 is 1524 SF and sells for $345,000 or $226 per SF selling price.
Sale 2 is 1398 SF and sells for $341,000 or $244 per SF selling price.
Sale 3 is 1175 SF and sells for $310,000 or $264 per SF selling price.
If you took an average of the selling prices per SF from above you would get $245 per SF.
Let's also say you are looking to buy a home that is 300 SF larger than any one of the comparable sales. What would you typically do? You would most likely take the additional 300 SF and multiply it times the $245 figure and end up with $73,500. This is the trap because what you have done is to artificially load a figure that includes the cost of the home, the garage, landscaping, views if any, and most importantly the dirt.
You should have only paid an additional $16,000. The difference between $73,500 and $16,000 is $57,500 and that huge mistake means that you would have just grossly overpaid for the property. If the purchase was for a flip you would have just wiped out your profit margin completely.
On the other hand if you were selling your property you would have sold your home for $57,500 less than you should have, and that would also be a huge loss.
Our HOT PAKS will show you how to make the proper calculations to make sure that you not over pay or under sell your particular property. We know that every real estate market is different and the good news is that our principles work in all markets. If you are dealing with property that is a lot more expensive than the example above the potenial loses could be so much greater.
For additional information for a single family residence, a condominium, or a 2 - 4 unit property simply click on the appropriate page tab above.
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