Appraisal Misconceptions Are More Common Than You Think Let’s face it—real estate appraisals can feel mysterious if you’re not an appraiser. I’ve been doing this work for over 30 years, and I still run into smart, experienced professionals who have some appraisal misconceptions that lead them to misunderstand key parts of the appraisal process. Whether […]
Are You Pricing Your Home Too High For Today’s Market?
October 26, 2022 By 7 Comments
Don’t Be Guilty of Pricing Your Home Too High It’s already been said, however, I think it is worth stating again that the market has shifted. It’s important to keep this in mind when pricing your home to sell because if you don’t this could cost you both time and money. In fact, the market […]
Understanding The Appraisal Part 1: What is “Adjusted sale price of comparables”?
February 22, 2022 By 13 Comments
Understanding The Adjusted Sale Price of Comparables I’m kicking off a short series to help readers of an appraisal report understand what they are looking at. It seems sometimes that the only two things that most people are concerned about with an appraisal are how fast can you get it to them and what is […]
7 Characteristics of Good Sales Comparables
October 13, 2020 By 7 Comments
What To Look For In Good Sales Comparables I’ve heard it said that 99% of coming up with an accurate value estimate in an appraisal or pricing a home is getting the right sales comparables. If you don’t do this in the beginning everything else you do amounts to nil. The whole idea of using […]
How Many Comps Are Required In An Appraisal?
August 30, 2018 By 3 Comments
What Are Comps? As you may or may not know comps are short for “comparables“. Sales comparables are recently sold, listed, or contracted properties that would be a good substitute for the subject property being appraised. Comps are used in the sales comparison approach to value. This approach is one of three that is traditionally […]
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