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Ambassador
4,259,992
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Finding the perfect comparable properties and making the proper adjustments at the 'going rate.'

Mar 28, 2019 09:24 PM
Rainmaker
1,926,309
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That is a great question for an appraiser. 

Mar 28, 2019 04:39 PM
Rainmaker
1,387,928
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Some agents love to delete interior pictures after the home sells (boo!).  This makes it impossible to accurately compare the condition of the comperable property to the subject property.

 

Please don't delete interior photos.

Mar 28, 2019 04:16 PM
Rainmaker
4,123,282
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

As I'm not an appraiser, I don't appraise properties and couldn't tell you.

Mar 28, 2019 02:21 PM
Ambassador
4,582,785
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Finding the right comparables and making the appropriate adjustments in value

Mar 28, 2019 02:03 PM
Rainmaker
4,215,215
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Knowledge of the comps you have selected.

Mar 28, 2019 12:38 PM
Rainmaker
6,614,358
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Identifying the correct comps and adjusting them.

Mar 28, 2019 01:33 PM
Rainmaker
1,901,498
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

We will have to see how the appraisers reply to this one kennith Frazier 

Mar 28, 2019 12:50 PM
Rainmaker
2,062,534
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

I don't know what they use now

Jun 19, 2019 09:12 AM
Rainmaker
913,130
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Comparing apples to apples, the better you know your market the easier it gets.

Mar 30, 2019 06:43 AM
Ambassador
5,414,363
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Finding comps.

Mar 28, 2019 07:21 PM
Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

"I like turtles."

Mar 28, 2019 06:27 PM
Rainer
52,347
Krista Jenkins, REALTOR®
klm Real Estate - Lubbock, TX
Residential sales and retail & office leasing

The most difficult part is finding 1.) similar properties that were 2.) sold within the last six months or less (preferably less) and 3.) making the necessary adjustments based on conditions/improvements.

Mar 28, 2019 05:49 PM
Rainmaker
385,077
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Finding good comps. I find that whenever you run into an inaccurate appraisal/CMA it is because they didn't use good comps. That is why Zillow is so inaccurate, they don't know how to make adjustments.

Mar 28, 2019 01:12 PM
Rainmaker
1,596,606
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

This one I know only from RE school. :)

Jun 30, 2019 10:59 AM
Rainmaker
4,945,362
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

When you have a unique property in a neighborhood with no like comps.

Apr 15, 2019 02:36 PM
Ambassador
2,607,162
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

You can access Google or other search engines to figure it out for you! Happy research...

Mar 31, 2019 03:45 PM
Ambassador
3,058,497
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies. 

Mar 29, 2019 11:43 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Ask an appraiser.

Mar 29, 2019 11:38 AM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

knowing the area, and selecting the right comps.....

Mar 29, 2019 11:08 AM
Rainmaker
1,109,845
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Having enough comparable sales.

Mar 29, 2019 10:47 AM
Rainmaker
1,154,075
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Not on Utah realtor exam for sure. Are you studying for appraiser exam btw?

Mar 29, 2019 07:15 AM
Rainmaker
2,024,200
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Determining what really is a Comp

Mar 29, 2019 05:52 AM
Rainmaker
3,331,943
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The hardest part is choosing the right comps. In times were comps are scarce, the harder part is finding comps at all and knowing what to add or deduct for differences. 

Mar 29, 2019 04:48 AM
Rainmaker
684,915
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

 Appraising unique homes where you have to make adjustments- better know the value of individual items!

Mar 29, 2019 03:57 AM
Rainmaker
4,047,526
Richard Weeks
Dallas, TX
REALTOR®, Broker

Finding good comparables, and knowing how to make adjustments to those comparables.

Mar 29, 2019 02:59 AM
Rainmaker
911,686
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Comparable sales can sometimes be difficult leading to major adjustments to arrive at an appraised value.

Mar 28, 2019 09:30 PM
Rainmaker
5,592,628
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You have wonderful answers. A

Mar 28, 2019 01:59 PM
Rainmaker
2,642,412
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

You have to make sense of the data

Mar 28, 2019 01:33 PM