Comparable sales are recent sales of similar properties in the nearby neighborhood or in a similar neighborhoods with similar prices. In short, they are "comparable" to the house you are buying or selling.
The comparable sales method is the best way to determine market valuefor 1 to 4 unit properties. Other methods are available, but they are mostly used for larger apartment buildings, commercial structures, and agricultural real estate. They don't apply in determining market value for traditional
If you're a seller, I will help you determine your sales price by showing you some recent comparable sales. If you're a buyer and preparing an offer, I will show you some comparable sales so you can come up with your offer price. Whether you are a buyer or seller, you'll have to make adjustments based on the property and any recent changes in the market.
I will provide advice, but buyers and sellers make the final decisions.
I excel when anticipating market changes. I have my fingers on the "pulse" of the market and know what is going on...now. When determining market value, you need a good agent. An appraiser's main role is to justify a market value or purchase price.
Even so, in most cases buyers need to obtain an appraisal to satisfy the lender that the property is equitable collateral for their loan. Appraisals of 1 to 4 unit homes almost always use the comparable sale method to justify a purchase price or market value..
Usually, finding comparable sales is not that difficult. For example, if the home is in a housing tract where most of the homes were built by the same builder, it is usually pretty easy to obtain comparable sale information. As time goes by and individuals modify their homes, it can get a little more difficult. More adjustments need to be made..
Occasionally, comparable sales are impossible to find. Most often, this happens in newly built-up areas where the sales tract is new. Whether you can find comparable sales does not affect the market value of the home, but it does impact a buyer's ability to find a lender. Fixed rate lenders may not lend until there is more history on the area, so the alternative is usually a portfolio lender. Aa a Realtor I have access to title company information and can pull up information on which lenders are lending in a specific area.
When you're looking for a partner to help you negotiate the complexities of selling a home, you've come to the right place. The experience, dedication and strong communication you'll receive here will help ensure the successful and profitable sale of your home:
1. The KW Advantage - Take advantage of a broad spectrum of technologies and tools to support the sale of your home from start to close.
2. Internet Advertising - Since the lion's share of home buyers starts their search on the internet, top placement on search engines is essential. You'll gain access to placement on Google, Bing, and other websites. This will maximize your exposure and bring a large number of potential buyers to view information about your home.
3. Email Campaigns - It's important to "work the network." We can work together to identify the right people to target your home-and get in touch with them by email to drive excitement and interest.
4. Personal Touch - Of course, technology alone won't sell your home. Face-to-face interaction provides the advantage to sell your home-and you won't have to worry about a thing. The details will be handled with care and constant communication, to ensure the marketing and sale of your home go smoothly.
Home Listing Syndication
Your home can be advertised on websites all across the web, making sure buyers see your home and everything it offers. Here are some of the national sites where your home will appear:
To find out more about selling your home, click here