Why appraisers can’t use custom built homes as comps During an appraisal assignment this week I was asked a question that I thought I would share with you today. The appraisal assignment was for a new construction home, and I was looking for comparables to use. I ran across a new home that had recently […]
Do I need an appraisal if I’m gifting real estate?
January 16, 2015 By 2 Comments
Do I need an appraisal if I’m gifting real estate? One situation that many people don’t know that they need an appraisal for is when they gift real estate as a charitable donation. Gifting of real estate occurs when you give real estate to a person or entity and need to find out its fair […]
How agents can use a prelisting appraisal to save time and money
November 6, 2014 By 10 Comments
How can a prelisting appraisal save agents time and money? It’s a well known fact that time is money, and this could not be truer when you consider everything a real estate agent must do when listing a home for sale. In case you haven’t considered it before, a pre-listing appraisal can play an important role […]
5 questions you must ask yourself before getting an appraisal
October 25, 2013 By Leave a Comment
I had a reader email me a question last week asking why they should get an appraisal on their home, and I want to share with you the answer I gave them with the hope that it can help you make a similar decision. This person asked me “Why do I need to get an […]
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 […]
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