• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Claim Your Free Ticket To Cash Flow Expo Online Summit! [Click Here]
NoteInvestor.com Logo with House next to words

Note Investor

How to buy, sell, broker or invest in private mortgage notes for cash flow!

Your #1 Source For
Note Investing Information!

  • Home
  • About
  • Articles
    • Notes 101
    • Note Brokers
    • Note Buyers
    • Real Deals
    • Seller’s Corner
    • Cash Flow Business
  • Learn
    • Sell Your Mortgage Note
    • Note Broker Training
    • How To Buy Notes
    • Note Buyers Directory
    • Creating Notes With Seller Financing
  • Bookstore
  • Contact

How to Determine “Value”…

June 22, 2008 by Fred Rewey Leave a Comment

One of the considerations when purchasing a note will be the appraised value of the home.

Although there are some great programs on the internet that aid the average consumer in getting an idea of a value, they are not always accurate and thereby credible when you are talking about investing money in a seller financed note.

The actual value of a property can be determined in a couple of credible ways. 

Oftentimes investors get what is called a “drive-by” appraisal. Usually conducted by a licensed appraiser, the report will still include comps of other sales in the area. The only exception is a “drive-by” appraisal does not require the appraiser to have access inside the property. The appraiser actually drives by and takes photos from the street for their report. 

Some investors will use what is called a Brokers Price Opinion (BPO) – utilizing the opinion of a Realtor or Mortgage broker. The often do very similar comparables as an appraiser will; typically at a lower fee.  

In either case, the method of determining value is left up to the investor.  

Filed Under: Notes 101 Tagged With: drive-by appraisal, How much is home worth?, value of home

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Learn Real Estate Notes

Click the reports below to download your FREE copy of 5 Ways to Cash in on Notes AND a BONUS!

Search This Site

More to See

Investing Notes Risk

21 Tips To Read Before You Get Started Investing in Notes

Note Buyers Directory 2018 by NoteInvestor.com

Selling Mortgage Notes? Find the Right Note Buyer!

Learn Note Business

Learn the Note Business in 60 Seconds?

Cash Flow Notes Business Truth

5 Myths About the Cash Flow Notes Business

Most Read Note Buying Info

How To Buy Mortgage Notes
Creating Notes With Seller Financing
Note Broker Training
Get Direct With Note Buyers Directory
How Can I Find Cash Flow Notes?
Buying and Selling Notes For Residual Income
How Dodd Frank Mortgage Laws Apply to Seller Financing
How To Calculate Cash Flow Notes

Connect With Us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Footer

Places to Visit

  • Creating Notes
  • How To Buy Notes
  • Note Broker Training
  • Note Buyers Directory
  • Sell Your Note
  • Bookstore

We Are Here to Help

Photo of Fred Rewey and Tracy Z of NoteInvestor.com
Fred Rewey & Tracy Z NoteInvestor.com

Receive the Note Investor Newsletter

COPYRIGHT © 2008-2021 NOTE INVESTOR | PRIVACY POLICY | CONTACT US
This website is for informational purposes. This is not an offer to sell or purchase any security. Nothing is intended as legal, financial or investment advice. Any historical data represents past performance and does not guarantee future results.