Not All Nearby Home Sales Are Good Comps If homes in your neighborhood are selling for more (or less), you may be wondering: “Do Nearby Home Sales Affect MY Home’s Value?” It seems like a simple question, but the answer depends on a few important things. Recent sales nearby can affect your home’s value, but […]
Can a New Construction Sale be Used as a Comp for an Older Home?
March 26, 2024 By 4 Comments
A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some […]
Cracking the Code: Why a Pre-Listing Appraisal Could Be Your Expired Listing’s Best Friend
December 5, 2023 By 2 Comments
Can A Pre-Listing Appraisal Help Sell An Expired Listing? In the dynamic world of real estate, one of the most challenging situations you may encounter is dealing with an expired listing that just won’t sell. Despite your best efforts, sometimes a property lingers on the market, leaving both you and your client frustrated. In such […]
My Top 8 Search Criteria For Finding The Best Comps
November 14, 2023 By 4 Comments
What Search Criteria Should You Use When Searching For Comps? I often get asked by agents about the best way to find comparable sales when pricing a listing. Today I thought I would share the search criteria I use and the reasons for each of them. Agents and appraisers are not that different in their […]
Can I Sell My Home For Its Appraised Value?
November 2, 2021 By 4 Comments
Does Appraised Value Equal Sales Price? This question came to mind this week when I was speaking with a homeowner at an appraisal appointment. He didn’t ask me this specific question but he did make the following statement: “Just because your home appraises for a certain amount doesn’t mean that you can sell it for […]
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