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Message
re: House Appraisal
Posted on 8/18/10 at 9:13 pm to Shankopotomus
Posted on 8/18/10 at 9:13 pm to Shankopotomus
quote:
a new law now restricts the distance comps may be used- basically they try to keep them in the same subdivison
No such thing nerd brain'
The most similar recent, nearby sales must be used. If they are Reo'S then they must be analyzed. In a poor market, current offerings carry significant weight based on the principle of substitution. ( Can ya buy the same house next door for less)
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