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Tag Archive | "comparable sales"

As Prices Go Up How Soon Can I Refinance My Mortgage?

Don’t Just Churn Your Finances Once you have closed on your mortgage, collected the keys and settled into your new home, you might start thinking about how you can get a better deal. Maybe your payments are high, compared to the market rate, or you want to change the term over which you repay the […]

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Why Don’t Realtors Do Appraisals Anymore?

The Competitive Market Analysis Why is it that the expression “appraisal” isn’t slung around by realtors the way that it used to be thirty years ago? Well, it turns out there’s a pretty solid reason. Appraisal has come to mean an official statement of price opinion. The alternative is the competitive market analysis given by […]

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The Help That You Get From A Multiple Listing Service

What Is This MLS Thing? A multiple listing service is a local or regional network of real estate brokers that share information about listings that creates a larger marketplace and allows member to have more information on which to judge the price at which to buy or sell a particular property. There is no real […]

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A Sellers Guide To Comparable Sales

Squeezing Liquid Gold From Bricks And Mortar When you sell your home you tend to have your heart set on getting the highest possible value in return for your precious asset. As the occupant and owner there is an emotional bond that causes homeowners to have clouded vision when it is time to put a […]

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How to Measure Your Home’s Square Footage

Determining the size of a house or its square footage is one of the misleading and confusing metrics in the home building and selling business. The problem is that no one person uses a set standard to measure a home’s square footage, but rather do it differently. However, there has been a move in recent […]

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How Do Comparable Sales Affect Your Appraisal?

The term comparable sales refers to the price of any similar land or property generated at this time compared to the potential market sale value of your property, it is the most commonly used appraisal method in residential real estate. The comparable sales are used to appraise the residential homes and properties in an area. Therefore, […]

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What Are Comparable Sales and How Are They Used in Appraising Your Home

When your agent does a market analysis or a certified appraiser provides an appraisal for your home, the most important indicator of the local market and the market value of your home, comes from what other similar and comparable homes in the market have previously fetched on the market. Comparable Sales Roles In Appraisal Looking […]

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How Comparable Sales Affect Your Appraisal: Comp Sale Basics

Comparable sales are used to appraise residential properties in the same area. Such a sale is generally known as a comp sale, and is an important factor in determining the value of homes is similar neighborhoods Fundamentally, when appraising a property, an appraiser will check out the selling price of homes of the same size […]

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Real Estate Offers: What to Offer When Buying a House

When making an offer on a home, it is important to make sure you are making an educated offer. You know what the seller is asking, but you should never just offer that asking price. You must first fully understand what you would be buying, and whether or not that price was fair before making any […]

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What Are Comparable Sales: How They Are Used in Appraising Your Home

What are comparable sales? How are they used in appraising your home? We are often asked these questions, and the answers are relatively simple. Fundamentally, the value of your home can be appraised or estimated by checking out the selling prices of other houses in the neighborhood. Houses of similar size in the same neighborhood […]

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