Hello and welcome. My name is Gino Barbaro, one of the co-founders of Jake and Gino. And in this video,

if you want to learn how to properly evaluate and put value on a multifamily property, then you need to

listen. There are typically three ways that appraisers use to evaluate property values,

specifically in commercial real estate. Let's start with the first two ways that

more, they're more used to me, I think, in residential and sometimes when you're looking at,

let's say, industrial. We're going to talk with the first one, which is the sales comp, right? You're

going out there, you're looking at a property in residential you're on zillow you're looking

for a three bedroom two bath property that's the sales comp what is that one sell for what is mine

sell for is it 1800 square feet does it have three bedrooms is it two bathrooms is a quarter of an

acre does it have a pool that's the comp. It's a pretty easy way to

evaluate. And what's really what I really like about residential more than commercial is it's just

open source. It's so much easier to find values. Everything's online. You go to Zillow. You go to

realtor. You can find it almost exactly what your property is worth.

Now, there may be a little bit of differences.

There may be some nuances.

You may have some upgrades in your home that the home down the street doesn't have.

Well, does it get lost in translation?

Not sure if it does. What I like to look at is I want to see like for like.

Is the square footage similar?

Is the neighborhood very similar? Is the neighborhood very similar?

Is the build similar?

Salescom.

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