There are two ways that I use a current market analysis (CMA) from either RP Data or Pricefinder to help me with flipping houses.
- Funding proposal – In order to back up what you’re saying you’re end price will be, you want to use recent sales and current listings to back up your feasibility.
- Homeowners – You can use your CMA when dealing directly with homeowners, if their price is ambitious, you can use sales evidence from a CMA to bring them back to planet earth. Show them sales evidence of what other rundown houses have gone for in the area.
