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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

They wanted to know if it was okay to use a new construction sale as a comp for an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

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What’s Your View?

Cleveland Appraisal Blog

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . THE REALTOR’S VIEW.

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Do Wood Floors Increase Home Value?

Lamacchia Realty

Hardwood floors are typically constructed from solid wood planks or engineered wood, both designed to withstand heavy foot traffic. This combination of natural strength, construction, and maintenance options makes wood floors a compelling selling point for your home. Trust your REALTOR® to sell your home for what it’s worth.

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6 Smart Strategies to Lower Your Home Insurance Costs

Lamacchia Realty

Additionally, the expert REALTOR® who assisted you in buying your home may have some reputable resources that they’d be happy to share with you! Understand the Difference Between Replacement Costs & Market Value Did you know that you don’t need to insure your home for the full market value?

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Should Home Sellers Get an Appraisal Before Listing? Here’s Why It’ll Cost You

Realtor

“Appraisals aren’t done at the beginning because the lender wants to assign the appraisal company that they work with,” says Julie Upton , a Realtor® in California’s Marin County. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal?

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.