What makes a good sales comparable?

A guide to choosing a good sales comparable As an appraiser, I speak a lot at real estate agent’s offices. One of the most popular questions I get is how to choose a good sales comparable. This may seem like a very basic question to an appraiser but it can be confusing to an agent. […]

6 Reasons Real Estate Appraisers Can Be A Realtor’s Best Friend

Real Estate Appraisers Can Be A Realtor’s Best Friend Contrary to popular belief appraisers and real estate agents can interact with one another. One of the main messages I make sure to get across whenever I speak at local agent’s offices is that it is okay for them to call the appraiser who is appraising […]

6 Things agents should consider when picking comps for their listings

Comp selection is key to pricing They say that when appraising a home 90% of the battle is picking comps that closely match your listing. I think that this could be said for pricing a home as well. If you nail comp selection then the value indication will be more accurate and reliable. You shouldn’t […]

How agents can use multiple offers to help the appraiser

Got multiple offers? I think agents are missing out on a secret weapon at their disposal. What is the secret weapon your ask? Multiple offers. As you probably know, multiple offers can occur during the sale of a home when more that one party wants to purchase the property. This can occur when the number […]

How do you appraise an in-law suite?

A reader’s question about appraising homes with an in-law suite I was recently asked a question by real estate agent Tammy Anderson about how appraisers might appraise an in-law suite. She was specifically curious about whether a second kitchen and entrance might cause trouble in the valuation. If you have any further questions about an in-law […]

 

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