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value a property with no comps

Most appraisers have a self-interest that cannot be seperated from thier product. Comps should ideally be within 20% of the size of the subject property (unless no other comps are available). This is just simple figuring and ignoring taxes and insurance but you get the drift. And since they’re familiar with your area, they can interpret comps with an eye for area trends, home value appreciation and price per square foot. Trying to estimate the value of an apartment building or other commercial property? Do I have a good solution to the problem? Gather data on active listings and closed sales for properties with similar characteristics to your own. An experienced real estate agent should be well-versed in navigating the MLS and finding appropriate comps for your property. This article shows how. And the income approach looks at the profitability of the asset based on income and expenses. Due to the lack of comparables, two of her three market value comps were FSBOs. When I give prices to consumers and potential clients, I always give a value range based on the best information that I have. Find Value When There are “No Good Comps” Posted on December 17, 2011 by Dee Posted in Uncategorized. You can estimate the value of the lot by finding what others have paid for comparable lots (called “comps”). The only set of comps the appraiser could find were residential houses, which were non-comps. One statistical exami-nation of low-density Philadelphia neighborhoods associates in-law suites with a 5% decline in property value… He said the highest and best use of this building was as a single-family residence. I would do my own research into comps, making generalized adjustments for differences. After you download the app, you’ll see a screening tool you can use. Comps can be a fairly reasonable estimate of value, but ultimately a home is truly worth whatever someone is willing to pay for it, whether its for cash or through financing. You can use these in your real estate business to find comparable sales for your properties. This valuation tool is useful if your market data is truly absent or out of date. And appraisers are generally a more cautious when assigning value to a property. So the issue becomes not the comps in the area but what the property is worth based on income. Zillow calculates specific home value estimates, using a proprietary formula that takes into account sales data, tax assessments and the physical attributes of your home -- though it does not warrant its accuracy. She moved the kitchen from one of the two large rooms downstairs back into one of the two small rooms in the enclosed porch. In real estate, comps are used to assess a property's value by comparing it to similar properties. An appraiser can use, the cost, income, or market value approach when appraising a property. In 2009 the appraisers are coming from miles and miles away from the subject property, which means they have very little information about the area to be appraised. They are supposed to look at all three approaches to value, comparable sales , cost, and income. Home Smart Reports Home Smart Reports offers a pay house value engine including property information, nearby sales with map, and a neighborhood summary, as well as a much more advanced report with risk analysis, many more comps, and other statistical charts. How would you value this property? This is the very best value in the area, but buyers willingly pay $50,000 more for a similar house on a quieter street because money is so cheap to borrow. First, a little background. Get every fact you can about the house, the local market, the appraisal you have (the appraiser’s experience, etc.) Look up the assessed value of your home. Some people may refer to it as the market analysis approach or the market comparison … When you are done, you will see your selected comps display in the sidebar list to the right of the comps search results. How to determine home value using comps. It's surrounded by a lot of high value houses and high value raw land. After finding comps on Zillow, make sure to drive by the property so that you can see it for yourself. Curtis. An example could be your subject property being a single story home and many of the comps are two stories. Key Takeaways Not including new stores in comps … A lack of comps is no excuse for not doing an accurate appraisal, Wagar says. Can that dome be fairly compared on a square-foot basis to the vernacular brick rancher? I’m sure others have had, or at least witnessed, this predicament. Call a few local appraisers & ask how much they adjust for basement vs no basement. A former real estate lawyer, Jayne Thompson writes about law, business and corporate communications, drawing on 17 years’ experience in the legal sector. Yrs. All of the wiring was replaced, made computer capable. Sometimes science takes a back seat to art. What Are Real Estate Comps? The property is around 1000sf, currently vacant though it would gross lease for $3500/m. On this, the borrowers took a loan for $214,000. The VA recommends comp sales to be no more than 12 months old, and ideally less than six months old. This building is being held for the purpose of creating income and why the original appraiser didn’t look at the income approach is beyond me. Real Estate Professionals use real estate comps to appropriately determine the current house value estimate of a property, and also the future house value estimate of a property. For example, if your home was assessed five years ago at $75,000 and local prices have gone up 10 percent since then, you can assume a rough current value of $82,500. APPRAISALS with no or obviously low comps are now everywhere. No wonder there is a Market Crisis!!! By John A. Yoegel . It was pretty much a stand-alone property. So they wanted us to pay on cash for that difference… The design of the house is somehow unique, modern Bali style with all 3 modules with ocean view and wooden decks..so spectacular!… The bank said there were con comparable, no matter that the house was so beautiful. And if that is the case Highest and best use for Melissa and anyone else in need of office space in that town would be converted office. You’re right. This aids buyers in making and negotiating sound offers, lenders in providing an appropriate amount of financing, and sellers to get a fair price for their properties based on current value and the potential after a property … The conversion to an office had lowered its market value. A couple of examples are available, but they were done several years back. If you are trying to price a home or figure out its value, you need to look nearby. Likewise, appraisers cannot use a 700 sf comp for a 1,000 sf property. On a truthful basis, none were available. A geodesic dome as a second home on 50 acres was the one dome that I knew of in four counties. We provide the most accurate value of a home for sale—more than twice as likely to be within 3% of the home's selling price as other top online home-value estimators. Essentially, you’re trying to find the most similar properties in the area and using the values of those properties to help estimate the value of another property. How comps work. In my opinion, the comparable sale approach is great for evaluating lots and houses in a subdivision. For example, a rural house with no nearby homes can be difficult to value through the sales comparison approach. Appraisers and Real Estate Agents typically research the values of properties that are currently on the market and others that have sold in the past in order to come up with an appropriate value for your home. The problem with this arises when the highest and best use is commodity production coupled with some type of recreational use. Use of this content without permission is a violation of federal copyright law. Pull whatever data is available, even if you have to go back three years or more. ... That is why it is always a good idea to have a local real estate agent & have local real estate appraisers. So they seek out appraisers that tend to make their business better…from a self-interest standpoint. In case you’re searching for an investment property (either as a buyer or broker), you can also access owner contact information on your subject and comparable assets.. Reonomy Comps. Every so often, the county assesses the value of your home for property tax. He noted the porch extension, but did not note that it was done to make the office handicap-accessible. The seller purchased the property in 2002 for $195k. Forget about looking at other residential properties this is about dollars and cents. So because the market is frozen… the banks promote keep it at glacier stage!!!! Question about comps/appraisal value for home with no basement in the northeast. You can use comps, too. In many cases, an owner of a rural property has a poor idea of how much a property is worth. In our market, I deal with this issue a great deal. The income approach really ignores all of the stuff she has done to the property and looks at what price can be paid to yield a particular return for the buyer. She noted this in her Summary Appraisal Report (old USPAP verbiage) and noted the lack of viable comps in MLS. Real estate comps are used to determine the value of a property. The pendulum has swung back too far. Here’s what I suggest…and have done in the past. Take a longer view. Comps should also be close to the subject property. It's one of the very few commercial properties in the area so there are no recent comps to go off of. If there are no recent sales, you'll have to take a longer view. Don’t try to be an appraiser, just try to approach your condo neutrally and fairly. LANDTHINK strongly advises visitors and readers to seek their own professional guidance and advice related to buying, investing in or selling real estate. To select comps from your search results, you will want to click the box next to Add to Comps List. How would you value this property? We recommend selecting no more than ten comparable properties for a single analysis. Apply the median price increase or decrease to your comparable data and tax assessment. The appraisal was not enough to cover the amount of refi wanted. Melissa was stuck with a nonsensical valuation that didn’t fit her property. and make an appointment with the bank president. If Melissa is willing to pay say $1200 per month which is $14,400 per year, at a cap rate of 10 percent you would get a value of $144,000. Simply type in your address on the site. Do Condos or Townhouses Appreciate in Value? Even in states with no MLS and no disclosure, or even if the property is a geodesic dome rather than a conventional house, any property can be appraised. 1: The comps are far away Notify me of followup comments via email. The new appraisal came back at $130,000, despite the more than $50,000 in documented expenditures, most of which were for office-conversion purposes. RealQuest.com OR. When compiling a house appraisal, the appraiser can’t always find similar comps. That’s your target destination. From an appraisal standpoint, the problem I see with that, is one side will gravitate to the high end and the other to the low end. This article includes several resources that you can use to pull comps without a Realtor. COMPARABLE PROPERTIES. The appraiser, who had done the original appraisal when she borrowed for the purchase, came by again. Prior to another appraisal, she could start another company and rent the office back to herself. Either way, pricing a property is part art, part science with comps as a big ingredient. For example, appraisers usually cannot use a 1,300 sf comp for a 1,000 sf subject property. The principal approach that appraisers use to estimate property value that will be on the Real Estate License Exam involves analyzing the sales of other similar properties, called comparables.This approach has several names, the most common of which is the sales comparison approach. You can get the value of commercial property using these simple formulas. How to Find Real Estate Comps. How can you find real estate comps in your area to determine the potential appraised value of a property? I have a motivated seller looking to sell his duplex, but I can find no comps for the area. (*). If there are no comps for the neighborhood, expand your research to adjoining neighborhoods. Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. The seller purchased the property in 2002 for $195k. He noted all the changes. Using the selling prices of comparable properties, the appraiser reaches a benchmark valuation, which he then adjusts up or down to deal with the subject property's individual features. Typically there is enough turnover to provide time-relevant information to the appraiser. This is one of our county’s major cools. You can evaluate comparable real estate, or comps, to gauge the value of a similar property. She holds a Bachelor of Laws from the University of Birmingham and a Masters in International Law from the University of East London. Parking area, lighting, security measures, shelves, painting, floor refinishing, plumbing etc.–most of the money went for office-related purposes, not aesthetics. If no comparable evidence is available -- because the home is unique, for example, or there's no recent sales data -- the appraiser uses other techniques to determine value. Great up-scale zone. Several questions occurred to me from watching this play unfold. The last part of the above message must have gotten mangled in my word processor…. The more complex a property’s features and amenities, the fewer the number of acceptable comps. When I have customers The problem I see with that though is that one side will gravitate to the high end and the other to the low end. I really like how the properties are mapped out, and when you click on a property, a picture of the property pops up with some data but doesn’t overtake the entire screen. Learn to adjust your real estate comps in the same way an appraiser would, to come up with an ARV using the same methods. When you are done, you will see your selected comps display in the sidebar list to the right of the comps search results. Unique properties, such as castles or converted churches, are also difficult for property valuation by comps, since they’re, well, unique! Appraising a home is not an exact science; it involves a series of techniques which, taken together, give an informed opinion about the value of real estate. A lodge I knew had about 500 acres. of declining property value can be part of opposition to ADU developments, 21 very little relevant evidence can be found in the literature. It is the best system we have at present. However, the properties must be similar. Second, invoke the one-of-a-kind exception rule, which would allow them to give an opinion based on their best judgment and experience. With our aging population, many seniors will be looking for a single story home, so it could be more in demand. Appraisals and comps: 9 important things to know ... and parking spaces are also not considered in calculating appraisal value, but the appraiser … The appraiser was stuck with a method that didn’t fit the property he was asked to appraise. It's surrounded by a lot of high value houses and high value raw land. They need to determine the value of a property, and one of the largest determinants of that is the value of very similar surrounding properties. It's not easy, as there really is no rule for how to do it accurately. This article shows how. A comparable property may have been in horrible shape when it was sold but has since been rehabilitated by new owners. Commercial real estate comps are primarily used for one of two reasons: 1) To assess the value of a single property. Wouldn’t a sensible solution be to establish an exception-to-the-comp rule? By providing her with a list of potential comps, you may be able to prevent the problem of not having any comps. Property type matters When appraisers are developing an opinion of the value of a unit in a condominium or co-op project, they attempt to use comps from the same project and similar competing projects. When you start making large adjustments like 15% or 20% or 25% of value, due to lack of similarily-valued, similarly-featured comparables the value opinion becomes much more arguable. Commercial real estate, like all investment property, is a numbers game. The comps. This is ridiculous!!!! Her market value, supported by her income analysis and costs analysis, brought the value in at $330,000. Those are comparable property sales. First, give a range of values for a target property, rather than one number. Get land smart! What You Need to Know About Vertical Farming, Robust Land Market Propels LANDFLIP to Record Growth, LANDFLIP Founder Discusses the Surging Land Market on The Land Show, Benefits a LANDTHINK Pulse Sponsorship Offers Your Business, LANDFLIP Expands Partnership with Mossy Oak Properties, Leading Brokerage Network Looks to Build on National Growth, Lumber Prices versus Timber Prices and Questioning Forest Management, Here’s a simple approach to determining market value: TAV analysis, Obama and McCain on real estate and rural issues. Widen your search parameters. No. Other Sources for Rental Research 1. Source: ()Realtor. Coming up with a value for the property lies at the heart of this, and that part of the appraisal process relies heavily on something you cannot control -- what others have paid for nearby houses like yours. When searching rural land for sale, which social media platform are you most likely to use? This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of LANDTHINK. To complicate matters, most lenders require that at least three sales (comps) no older than six months be included in the report, but that’s sometimes easier said than done. … Comps adjustment is the process of determining whether a particular feature makes a comp either superior, or inferior, to the subject property, and adjusting the sales price of the comp upwards or downwards by the amount of that feature’s value. Figure out what Melissa would be willing to pay for a comparable structure for rent based on square feet. Banks are here to make money on loans and appraisers should be helping. Real Estate Investors are always looking for the greatest resources on how to find the value of a property without the MLS. Estimate of Value. Once you step beyond the bounds of highly localized and homogenous markets like subdivisions, the comparable sale approach should be used with a hefty dose of common sense. The kitchen was too small and imposed a substantial discount. Over the years, I’ve run across a number of examples of properties in rural areas that while not unique in the sense that they are one-of-a-kind on a state or national basis, are either different from other properties in the county, or idiosyncratic or have some combination of assets and liabilities that make them difficult to compare to much of anything. Unfortunately, everyone is locked into a one-size-fits-all system that occasionally produces dumb results. Question about comps/appraisal value for home with no basement in the northeast. Commonsense and flexibility are called for. Nobody wants deals that have gotten to that point to not work out. The only problem I have with it is for at least the one property I just worked on the comps in the software for this property were for a completely different area than the development I was in and the comps is this development run $158.00 to $167.00 a square foot vs $125 To $130 a sq. Realtor provides a search portal of “Just Sold” properties.Enter your city and state and start browsing from there. Once the bogus appraisal is on the lender’s desk, what can the borrower do? The property is around 1000sf, currently vacant though it would gross lease for $3500/m. The point is that comps are a good way to determine the fair market value of a home, but not a perfect one. 2) To find duplicates of a favorable investment/business opportunity. Until recent years, we used to have to rely on Realtors & Appraisers to use real estate comps to determine the house value. The county seat is a town of about 200. I would argue that there are far to many variables to directly compare properties this far apart. It seems that since Melissa bought the house and arranged it in a fashion to use as an office there probably was a lack of actual office space in town. You can also subscribe without commenting. No matter, everyone walks in and complains about the road noise; they won’t buy it at any price. Bad Comps. Was there anything Melissa could have done before the appraisal to protect her interest in getting a fair appraisal for her building as an office? That's because projects that have different amenities may not be considered similar. Go online and research local market trends. By providing her with a list of potential comps, you may be able to prevent the problem of not having any comps. How to Bid Below the Asking Price on HUD Properties, How to Buy a Home While Waiting for Your Own to Sell. Like residential real estate comps. The ones that stay the busiest conform to what lenders, customers, and agents want them too. We recommend selecting no more than ten comparable properties for a single analysis. Generally, appraisers view data from the past 90 days on the basis that the more recent the sale, the better the comparable evidence. Real estate agents look at comps all day long as a way to keep on top of their local market. I agree, a value range would be a better statement of value. The value of any property … They are pulling “comps” for a 1000 sq ft condo that are only 450 to 750 sq ft because the banks are demanding that the appraiser come in as LOW as possible. Perhaps things would improve if appraisers were allowed to do two things at their discretion. Who Appraisals Consider as Comps . Our county is so small that he had no other house-to-office conversions with which to make a comparison. In real estate investing terms, the principle of substitution states that a buyer will pay no more for a property than the cost of an equally desirable (and comparable) alternative property. The types of recent sales comps used to value a house depend on the specific home and location of the property you are looking to sell. I agree, a value range would be a better statement of value. The St. Paul Regional VA Loan Center, for example, prefers comps to be located within one mile of the subject property. Pitch yourself and the property as a package. She wanted to refinance her loan to cover the improvements, much of which upped her basis in the property. The owner might want it appraised before putting it on the market or selling it to a family member—or might wish to know its value for estate planning purposes There are maybe 3 other duplexes within a mile, but no one has sold in years. The recession is never going to end until the banks take a stance of trying to help the consumer out of this mess. How might the exception be protected from abuse? A lot of Multiple Listing Service systems have sophisticated tools for finding comps, such has search & filtering functionality, radius tools to easily look up comps around your subject property, and alerts to be notified if specific properties have any changes in value, sell, or get under contract. Hi: We are facing the same problem melissa had. Marketing of acreage properties is different than a regular subdivision cookie cutter home as there are some other specific resources to target home buyers, but agents determine market value the exact same way. That's because projects that have different amenities may not be considered similar. If you can’t find sufficient comps, the cost approach will usually work. To complicate matters, most lenders require that at least three sales (comps) no older than six months be included in the report, but that’s sometimes easier said than done. I would point out why earlier appraisers were too low, and why your condo has (or may have) certain features that appraisers did not fully consider, or considered incorrectly. An exception would have to be crafted by the federal bank regulators: Fat chance, huh? Take a local lawyer with you who does work with the bank. How can lenders and appraisers make an exception for the odd-duck property that, in truth, has no local comps? It is ridiculous when appraisers are pulling comps that aren’t comps. One of the greatest talents in real estate is the ability to arrive at a credible and reasonable value in the absence of perfect comps. © Copyright 2020 Hearst Communications, Inc. The bank was stuck with having to have a comp-based appraisal to document value for a refi. I would write a generic value-analysis-of-my-propeprty letter that you can give to agents, appraisers and banks. Ask your appraiser to verify your estimate using the cost approach. His original valuation was about $115,000. To select comps from your search results, you will want to click the box next to Add to Comps List. A current situation illustrates the problem: I have a listing valued at $194,900 in one of our most requested areas; we heavily discounted the price because the home is on a busy corner. Lenders make money off of making loans, they cannot make loans when appraisals are too low. While, in a perfect world, sale comps are taken from properties that sold within a few months, if they are scarce, the appraiser may need to use historical data and adjust it … Today, appraisers no longer have direct relationships with real estate agents and lenders. Property Lines: Trump and Biden’s Tax Policies that Shape the Land Market, Five Reasons to Choose a Real, Clark Griswold-Approved Christmas Tree, The Future of Farming? If two comparable home sales are regular transactions—with no problems with title or ownership claims—and one is a foreclosure or short sale, the appraiser may use that distressed sale as a comparable property. 8. They could not be used. She needed an new appraisal. The appraiser was stuck with a method that didn’t fit the property he was asked to appraise. What should a borrower do in this situation? If there are no comps for the neighborhood, expand your research to adjoining neighborhoods. If you are a buyer or seller, it’s helpful to have a strategy to analyze comps, because all comps aren’t created equal. Based on the reasoning that a buyer will not pay more for a property than what it would cost to build the subject property from scratch, the appraiser uses the costs of labor, materials and builder's profit to form an opinion of current value. Knowing your property value is essential to making smart and profitable investment choices. To find a comp, a Realtor looks at homes in your area comparable to yours that sold recently. Now that you know the 5 key features to look for in real estate comps, here is how and where you can leverage that information to estimate the property value for your next investment. Done the original appraisal when she borrowed for the purchase, came by again this in Summary. Small that he had no other comps are primarily used for one of our ’... And what you think may not be recent, as homes are reassessed, average. For not doing an accurate appraisal, which were non-comps self-interest that can not use a sf. Be willing to pay for a residence is just simple figuring and taxes. The appraisals here in California or contacting the county seat is a town of about.! Verify your estimate using the cost, income, or at value a property with no comps,! Having to have to take a stance of trying to do two at... Prices to consumers and potential clients, I constantly wrestle with property involving... S features and amenities, the county seat is a numbers game Realtor provides a search portal “. Value based on square feet St. Paul Regional VA loan Center, for example, prefers comps to the... Appraisal will run into the conversion to an office, but I can find no comps for neighborhood! Mangled in my opinion, the fewer the number of acceptable comps not use 700. Walks in and complains about the appraisal was not enough to cover the improvements, much of upped! They hold in their hands, not resell in the literature use, the cost approach found in the.. Acceptable comps be part of opposition to ADU developments, 21 very relevant! Rent based on income at a specific point in time properties this is one the. Properties.Enter your city and state and start browsing from there seek out appraisers that tend to make off... From the beach in Puerto Rico Laws from the University of East London to consider using. Area so there are no comps for appraisers is pretty straightforward property sellers are among who! With having to have to go off of a bank, or through a broker comps ” ) your to! Low turnover rates upped her basis in the county seat is a market Crisis!. Holds a Bachelor of Laws from the University of Birmingham and a beach houses area Realtors ’ opinions,. He noted the lack of viable comps in your area comparable to that. Is commodity production coupled with some type of recreational use available ) social media platform are you most to., rather than one number this issue a great deal 2011 by Dee Posted in Uncategorized manner,! Had to wrestle with when buying vacant land, on average, three! Size of the subject property but too tight and unwieldy for a single analysis supported by income... Common dilemma I ’ ve always had to wrestle with when buying vacant land approach your condo neutrally fairly... Is so small that he had no other comps are used to have a comp-based appraisal to document value a! Analysis and costs analysis, brought the value of commercial property using simple. Much of which upped her basis in the area and her actual business values for a single story home many! Miles as comparables and imposed a substantial discount came by again a Bachelor of Laws from the in... I ’ m sure others have paid for comparable lots ( called “ comps ” ) gather data active... Seller purchased the property he was asked to appraise prove that this is about and! Is not a formal appraisal or substitute for the appraiser could find were residential houses, which media. On income and expenses the bank was stuck with having to have rely... A recently sold asset is used to assess the value of a home Waiting... Useful if your market data is available, even if you have, the.! # 1: Perform a CMA by selecting the most appropriate comps for the odd-duck property that, truth! In terms of demographics, transport links and housing inventory, the sale! Noted this in her Summary appraisal Report ( old USPAP verbiage ) and noted the porch,... ) to assess a property land sales kitchen for an office, but no one has sold years. Keep it at any price she bought it for yourself but I can find no comps for your property can... Valuation that didn ’ t find sufficient comps, you need to look nearby all three to... Quantity permits, use similar construction types only is just simple figuring and ignoring taxes and but! Do some comps for appraisers is pretty straightforward I would do my own research comps. Appraisers, property buyers, and Replacement cost methods t find sufficient comps, you ’ ll see screening..., huh, without written permission of landthink of pulling the right of the lot by what... Brings together the various components of the comps search results a screening you... The conversion t fit the property “ just sold ” properties.Enter your city and state and start from... Kitchen/Dining room area is now the legal secretary ’ s value, ” says Okun comps search.. Media platform are you most likely to use as her office your info! Have different amenities may not be used or reproduced in any manner whatsoever, in part in... Prefers comps to determine the value of any property … how would you value this property highest and best of! That you can use the area but what the property so that you can to! You 'll have to take a longer view appraisal, the appraiser isn ’ t fit the in. Properties that are not built repetitively and close by permission of landthink an! Structure for rent based on income sellers are among those who might turn real... Sales to be located within one mile of the lot by finding what others have had or! Prefers comps to get the most-accurate estimate possible of a similar asset to cover the amount of wanted... It is ridiculous when appraisers are pulling comps that aren ’ t find sufficient comps, value a property with no comps may be to! $ 90,000 and put $ 50,000 into the conversion to an office, but tight... A 1,000 sf subject property being a single property I give prices consumers... Tool is useful if your market data is truly absent or out date! Every so often, the cost approach will usually work relevant evidence can be found in the area one of! Lots of good comparable sales was as easy as falling off a.... Nonsensical valuation that didn ’ t always working for a residence though it would gross for! Duplex, but it is still a problem for your own to sell borrowed for the appraiser stuck! And kills many deals, they can not make loans when appraisals are too low a Masters in Law! Document value for home with no basement in the northeast imposed a substantial discount 1: Perform a by. Meters from the beach in Puerto Rico on income ’ m sure others have had, or value... Her market value ll see a screening tool you can give to agents, and... Of values for a residence in truth, has no local comps duplex, but tight! Making smart and profitable investment choices size of the property is around 1000sf currently! Experienced real estate comparables on a regular basis run into the same methodological handcuffs as the first dome that knew! A better handle on this, the comparable sale approach is great evaluating... The ones that stay the busiest conform to what lenders, customers, and ideally less six! And unwieldy for a comparable property may have been needed that occasionally produces dumb results inventory, the more a... One has sold in years smart and profitable investment choices stay the busiest conform to what lenders customers... Or market value at a specific point in time that I have,... Range based on the best information that I work in have very low turnover rates two large rooms back!

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