A concerned agent called me the other day worried about what would happen if the appraiser could not find comps for a house that she was selling. I assured her that even though it looked like there were no comps, there probably were if you looked a little more. This provided a good opportunity to […]
Where are appraisers allowed to get comps from?
September 13, 2013 By 6 Comments
I was speaking with a real estate agent recently and he mentioned to me that an appraiser, who was working on an appraisal of a house he was selling, told him that if he did not use comps from within the subdivision the house was located in he would get his license taken away. One […]
Is it a sale or is it a comparable?
September 13, 2012 By Leave a Comment
You may ask “what is the difference?” A sale is a comparable (comp), right? Wrong! A comp is a sale, but a sale is not always a comp. Does this sound confusing? If so, stay with me and I will try to explain the difference between the two. I hope I can give you better […]
Seller Tips: Picking The Right Comps To Help Narrow The Gap Between List Price and Sale Price
December 19, 2011 By 7 Comments
After looking over a weeks worth of real estate sales data I have found a trend in some market areas. That trend is the increasing gap between what a house was initially listed at and the final sales price. This is one of the statistics appraiser’s look at, and this week in one area I […]
Are You Secretly Under Surveillance?
January 13, 2011 By 18 Comments
Have you recently moved into your dream home in a great neighborhood, only to find out that you are secretly under surveillance? Have you looked out your windows to see someone taking pictures of your home? Do they speed off when they see you so they can’t be caught? You may consider it a fluke […]
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