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Monthly Archives: September 2015

Sep 27

Don’t Become a Zestimate Victim | KJRES-010

By Ken Jones | Podcast

Don't Become a Zestimate Victim

Don't Become a Zestimate Victim deals with the issues that, in my opinion, pose dangers to sellers and buyers who unwittingly rely on those so-called home value estimates posted by online real estate advertising websites, such as - BUT NOT LIMITED TO - Zillow.com and Trulia.com.

I start this episode by generally explaining the concept of value. I also explain, that, because value is so subjective, there's no scientific method for arriving at a precisely "correct" value. Even as a professional appraiser, I can only offer my clients an "opinion" of the value of their property.

I also point out the significant differences between the vastly inaccurate home value estimates frequently stated on the various real estate advertising websites and those provided by your local, professionally competent real estate agent and appraiser who analyze the most recent and most relevant local data to provide the most accurate value estimate you can obtain.

Although, Don't Become a Zestimate Victim is ​primarily directed toward home sellers, the same issues also effect home buyers, as well.

Here are a ​few links to other articles on this subject:

   Don't Rely Too Much on that Online Home Value Estimate NerdWallet.com

​   Inaccurate Zillow 'Zestimates' a source of conflict over home prices Los Angeles Times

   Low "Zestimates" on Zillow Turn Off Homebuyers​ USA Today

NOTICE: The term Zestimate is the Zillow.com term for their home value estimate. I use the term as a generic label for ALL online home estimates. It's neither my intent nor the purpose of this opinion piece to isolate Zillow.com for criticism, and it should not be interpreted as such.

​I'd love to hear from you about any experiences you may have had using the information from an online real estate advertising website. I'd also like to hear any comments or questions you may have on this subject.

If you'd like to share your experiences or thoughts, just click on the   Start recording  button below and leave me a voicemail message right from your computer. Or, you can send me an email, if you prefer.

Sep 20

KJRES-009 An Introduction to Flipping

By Ken Jones | Podcast

flipping

An Introduction to Flipping is the first of several episodes that I'm going to do to provide insight into the subject of the business of flipping real estate. (Yes. It's a business - it's NOT investing.)

Ever since I started The Ken Jones Real Estate Advisor website and The Ken Jones Real Estate Show I've gotten dozens and dozens of requests to teach how to become a real estate flipper. So, I've decided to cover this subject, starting with an general overview of what flipping real estate is all about.

​In this episode, in which I deal strictly with the single-family home, you'll learn the basic concept of flipping an how to find potential flip candidates.

You'll also learn all of the steps involved in achieving a successful flip project, from how to figure out how much you should pay to buy it, how long it will take to turn it around, or "flip" it, and how to calculate your profit.

​CAUTION: This is only an introduction to flipping; there is MUCH MORE to learn than is contained in this episode before you even begin to think about undertaking a flip project.

If you have any questions, or comments, or would like discuss something you don't understand about this subject, leave a message by clicking the  Start Recording  button below, or by sending me an email.

​Get your FREE TRANSCRIPT of this episode by clicking the  Start Recording  button below and ask for the TRANSCRIPT OF EPISODE 9. You can also send an email request to: Flipper@KenJonesRealEstateAdvisor.com and ask for your FREE TRANSCRIPT of Episode 9.

Sep 08

KJRES-008 What Kind of Investment Property Should I Buy?

By Ken Jones | Podcast

What Kind of Investment Property Should I Buy

What kind of investment property should I buy - is one of the most commonly asked questions I hear from new real estate investors. It seems they're more confused and perplexed about this issue that any other problem they face.

Perhaps it's because there are ​so many different types of real estate to consider. Or, maybe they're looking not to make a fatal mistake on their first try.

But, whatever the reason, ​I'll discuss what I believe are the most important issues for a new real estate investor to consider in this episode of The Ken Jones Real Estate Show.

​This is a relatively short episode (only about 24 minutes). But, it's jam packed full of very useful information.

So, ​ sit back - put on your headphones or hook-up your iPhone to your car audio system and get ready to get some really good advice that will answer that age-old question, What kind of investment property should I buy?

DON'T FORGET! If you want a free transcript of today's episode, either send me an email, or click the  START RECORDING  button below and leave me a voice message right from your computer or cell phone. IT'S FREE! And, there's no obligation of any kind.

Also, leave me a comment or give me a suggestion (be polite). I​'d really love to hear from you.