Typically how many and whay type (ex.lising, pending, sold, etc.) of comparables are you currently using?
RE/MAX Services - Highland Beach, FL
Boca Raton Agent David Serle
nowadays if you get 1 good one thats good. They really have to use at least 3, but should have 4 or more.
Jul 14, 2008 08:32 AM
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop
On the Cape they are using at least three and more often four. One of our problems is off-Cape appraisers from New Hampshire who don't know this market.
Jul 14, 2008 08:41 AM
Real Estate Valuation Group - Portland, OR
Wow Heath and David I wish I could get away with 3 or 4. In our unstable market I am most often using minimum of 4 sales, atleast 1 pending and 2 listings. Underwriters are expecting atleast 3 closed sales 1 pending and 2 active listings to support your market conditions conclusion. I used 9 comps recently and the underwriter still requested 2 more. Out here we are really earning our money. Thanks for the responses.
Jul 15, 2008 09:35 AM
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