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How to estimate market values of foreclosed properties (plus bonus tip)

How do you estimate the market values of foreclosed properties? This is one of the many questions I answered when I was interviewed by brother Bo Sanchez (plus bonus tip).

The method I shared in this video is called the “Market Approach” where the selling price of very similar properties in the same location that are for sale (better if recently sold) should be close to the market value of your target property.

Another method is called the “Replacement Cost Approach” which I discussed in the following video:

I featured this clip in its own video since a lot of people keep asking me the same question.

If you want to watch the whole video when I was interviewed by brother Bo Sanchez, here’s a link:

I’ll continue sharing more videos like this (I have very limited time to make new videos since I am at the hospital most of the time taking care of my mom).

Thanks again to everyone who have been suggesting topics for my next videos.

Let me know what video you want next with regard to real estate investing/foreclosed properties. Just go to the comments section below, thanks in advance!

Subscribe to get notified when I upload more videos about real estate/foreclosed properties. Click on the following link to subscribe: https://bit.ly/3dDR0e0

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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Tired of looking for foreclosed property listings from banks and financial institutions?

Here's the solution...

WE FIND LISTINGS OF FORECLOSED PROPERTIES SO YOU DON'T HAVE TO!

Join over 100,000 smart real estate investors who receive updated foreclosed property listings, public auction schedules, and real estate investing tips via email, it's free!

No thanks, already subscribed.
We take privacy seriously and we'll never spam you. Please refer to our Privacy Policy
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