Typically, when a buyers becomes a repeatable buyer, that person is most probably in investor in real estate properties. But how to find good investment properties? Investments are there to be discovered. You just have to choose the right tools to find them. CityStructure products help homeowners and real estate agents access the development opportunities just like any real estate investor would have.
As an investor, there is a a good amount of risk while purchasing a property, especially if the funds are borrowed from lenders. Therefore, it is crucial for them to make their investment estimates as accurate as possible. The same it goes with a homeowner with a limited budget. This gets even more challenging if you don’t have an experienced designer in house as it is too expensive to pay for feasibility studies for each property on the market.
Typically, realtors present their investors with CMAs (Comparable Market Analysis) for properties already existing on the market. But what investors are looking for is an analysis on properties that they have already been developed properties.
In order to be able to provide that as a Realtor, you'd need to have access to a Zoning Analysis on every property or to order CityStructure report. The reason they are unable to offer the latter is because they neither have the expertise nor the budget to pay for a traditional zoning analysis in order to determine the characteristics of the improved property.
John, our client, is an investor and he needed these characteristics. He needed to understand the maximum size of a building that might be allowed on a lot so that he could review a detailed CMA post property improvement and calculate the ROI accordingly.
He ordered the City Structure New House report.
Voila! In less than 48h, the report was in his hands and he was able to make a decision and submit his investment offer based on the data surfaced by the report.
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