Tip #48 FARMING STRATEGIES (3) The essential numbers you should measure before picking a farm. Here is an example of the analysis you need to do prior to choosing your farm. • Assumption: $975,000 average sales price •Number of homes sold in the last 12 months: 25 or a total of 50 sales sides (25 buyer sides and 25 seller sides) • Number of homes in the neighborhood and⁄or building(s): 500 • Investment of postcard and postage each month: $500 • Investment of postcard and postage annually: $6,000 •Total closed sales volume for past 12 months: $48,750,000 (# of sales sides x average sales price) • Commission dollars generated past 12 months: Assume $1,316,250 (sales volume x average commission percentage for market 2.7%) Now that you have all of the statistical data, what can you expect? In your next tip, I will share with you the “ROI” (Return on Investment) formula that will support you in your decision. If you would like to have the formula today, give me a call. Thank You, Kelvin Neufeld, Broker Sutton - Premier Realty Mobile: 778-889-8849 eMail: kelvin@sutton SuttonRealtorTraining
Posted on: Wed, 03 Sep 2014 17:34:49 +0000
Trending Topics
Recently Viewed Topics
© 2015