three-ways-to-pick-comps 
George Dell
APRIL 19, 2023
The three ways are: 1) pick using good judgment; 2) draw random sample; or, 3) use all relevant sales. Editor’s Note: This is part 2 of the series ‘Three Ways to Pick Comps‘ When I became an appraiser, good judgment ruled.
George Dell
OCTOBER 26, 2022
There are three specific terms used to define what is a comp. Competitive means what a ‘typical’ buyer would consider as between the comp, and the subject, if they were available in the marketplace at the same time (the date of value). The post Three Ways to Pick a Comp?
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Housing Wire
JANUARY 6, 2023
Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. and Scotsman Guide ‘s fourth-ranked LO in the country.
Housing Wire
JANUARY 16, 2023
The best way to look forward is the purchase application data, which has formed a bottom for now since seven of the last 10 reports have been positive in a non-seasonal time of growth. This wasn’t the case last year, as it was an abnormal period for purchase application data which created very high year-over-year comps to deal with.
Housing Wire
APRIL 6, 2021
Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. One California-based real estate agent who originates her own loans told HousingWire that she believes appraisers are being far too conservative in this high-octane market, and are also using bad comps. Streamline by combining services.
Housing Wire
NOVEMBER 29, 2021
“ Economics done right should be boring “ Trust me, in this day and age of the seven-second attention span, promoting doom and gloom, housing crashes and vast economic conspiracies is the best way to get clicks. This is a big reason why I always have my two staple sayings. Whatever the future brings for the U.S. in October.
Housing Wire
APRIL 13, 2021
Some comps are finally catching up to sales prices, but rising house prices continue to push the goalpost, making it a challenge for appraisers to value properties in the area, according to Garrett. The usual 10-day turn time for an appraisal is now often three to four weeks, and appraisers can charge a premium.
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