Offlinewhy is it that none of these appraisal websites are close to each other? The listing price is $8.9. I went to zillow and the FMV of the property was $6.9m, I went to dean's appraisal and it came up to be $3.1M. I went onto a realtor's website to get an appraisal and if came up as $2,000,000 - $2,500,000. what do I do?
Thanks
__________________
They are like that , Sometimes they are right on and other they are way off. That's the reason I do comps to see were the valve is really at. Hope this helps.
Randy
www.adeptpropertiesllc.com
Doing COMPS is really important, you can ask your agent for some COMPS (no more than a mile away) and do the math yourself or even have the agent doing it for you. Personnally I like to do it myself to avoid mistake.
Regards,
Guillaume
What are COMPS? Please enlighten me?
Anxious to start in North Dakota My theme song Travis McCoy (ft[1]. Bruno Mars) - Billionaire - CurrentHipHop.com.mp3
This is real estate that is compatible to yours that has sold in your area. I try to stay within a 2 month window if I can find them. Hope this helps'
Randy
www.adeptpropertiesllc.com
Thanks for the enlightenment Randy it made it a little more clear for me again thanks
Anxious to start in North Dakota My theme song Travis McCoy (ft[1]. Bruno Mars) - Billionaire - CurrentHipHop.com.mp3
What if there aren't any recent sales.I'm working on a deal right now and the only house that's sold in the area sold a year ago..What would you do then?
"Every failure brings with it the seed of an equivalent success"
Napoleon Hill
http://www.deangraziosi.com/real-estate-forums/investing-journals/42379/...
Mike
Kalamazoo,MI
If it was me i would try to find what is selling as close to your deal as you can. Figure out what it is going for a sq ft, then use that price on yours.
Randy
www.adeptpropertiesllc.com