All Forum Posts by: Steven McPherson

Contact your city zoning department.  Typically, this requires a replat.  They will be able to give you information.

@Rob Harris why do you say this?  Do you see the market declining soon?  Is it already?

@Andrew Lawson I don't believe its available through the app, at least I haven't figured it out.  It's on the desktop version.

The Education tab at the top of your screen has a lot of really good resources.  Start there.

I'm running a comps analysis for a house built in 1959.  I'm just trying to get a ballpark offer for it.  The other houses in the area were built in the 1920's and 30's, all selling for about $50 a square foot.  I can't find any others in the area built within 10 years.  How does this affect the price of my target house?

I'm interested in hearing any answers to this myself...

I've got a target property that is about 1900 square feet and sits on 2 acres of land.  It's not located in a rural area.  When I run comps, I get a ton of recently sold homes but they all sit on no more than .24 acres of land; so the house size is similar but the lot size is completely different.  How exactly do I evaluate this?  Does the size of the lot make the property more valuable?

I've been doing a lot of cold calling lately.  They are property owners that have little patience with me to start out with.  When I say I am interested in buying their house, their immediate response is "How much do you want to buy if for?"  I don't know anything about the house at this point, other than its vacant.

What is the best response to that question?  Do I give them an estimate or do I put the ball back in their court and ask how much they're willing to sell for?  Or is there a better response?  Thanks for the advice.

@Mike Wood thank you for your response.  That is very informative.  In Texas, several municipalities that I know of down in the Houston area don't have zoning regulations, like Houston and Pasadena.  Most everywhere else in Texas does to my knowledge.  My next item on my plan of action is to get with the City and see what zoning district this is in.

Looks like I need to contact some of the neighboring builders to get some prices. Hopefully, one of them might be interested.

 ...for what?