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Updated over 16 years ago on . Most recent reply

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9
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K C
  • Real Estate Investor
  • Fullerton, AL
0
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9
Posts

First stupid question of the day....

K C
  • Real Estate Investor
  • Fullerton, AL
Posted

Hey guys, I know this is a dumb question and forgive me because I'm just getting started.....

But I've been searching for REO's on bank websites such as fanniemae, ocwen, wellsfargo, countrywide etc... They list the asking price, but I know it's my job to find out how much the property is really valued at to figure out if it's a good investment or not. Where do I go to find property values? Is a website such as zillow an accurate depiction of a property's FMR? If not, I hold a real estate license which I do not know how to use. Deadly combination isn't it? HAH! Either way, would my best bet be to just order the comps? Any advice as to how you figure out property values would be appreciated. Such a basic question, I feel like such a dumba$$...lol

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