On today's podcast, our heroes tackle one of the hardest parts of your journey. How to evaluate a property?

1. Have a narrow criteria
 - It's difficult to monitor multiple markets, locations, or styles of property
 - Keeping your criteria narrow allows you to become an expert faster
2. Find comparable sales, and use them as your base
 - To evaluate a property you need to have a list of comparable and relevant properties to help
 - The best place to start is the SOLD section of Realestate.com.au or Domain to help
- FYI: The Statement of Information is terrible so make sure you are wary of its information
3. Documents your comparable sales and have a process for updating it
4. Now find properties you are interested in and use your process to plus/minus the price based on a number of factors:
- When did these sell and how much has the general market moved?
- How much has the market moved in your area?
- Adjust for physical factors? Location, street, land size, bedrooms, quality of build, the goal is not to determine the perfect value, but to look at properties you like, that you can afford to get you to the negotiating table.

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