Motivation Indicators are criteria that investors use to identify great deals. At Property Filter, our goal is to identify these indicators or pain points of vendors (motivated sellers) to help investors make informed decisions.
Property Filter helps investors take strategic actions by filtering and narrowing down the most motivated sellers, rather than contacting hundreds of prospects. We are here to help you achieve more with less effort.
Below Average Price
The below average price indicates that the property’s selling price is less than the average price in the area.
To calculate Below Average Price:
Example:
Property Asking Price = £160,000
Average Asking Price for this property type in the area = £200,000
The example above highlights that based on the average asking price of £200,000 and the property’s asking price of £160,000, the vendor is selling for approximately 20% less than the average price in the area.
Let's Analyse
The property selling price is £350,000
Average asking price is £550,000 hence, the vendor is selling the property at -36% below the average price in the area.
Property Filter in action
To view properties with a Below Average Price, click on Below Ave. Price motivation indicator.
2. Click on the filter settings
3. Set the minimum Last Sold Price to -50%. The maximum will depend on your criteria, such as -10% or higher. Below Average Price indicates how much lower the vendor is selling the property compared to the average market price.