Rachel Massey's (annarborappraiser) Blog

What is comparable?   Strictly speaking, a comparable property is one that is a substitute for another property. It is uncommon to have properties that are directly comparable, but let me offer you a car analogy that should help you in choosing comparable properties for your market analysis, or t...

Cigarette odor results A couple of weeks ago I got thinking about how the smell of cigarettes affects people’s attitudes in purchasing a property. We had purchased our home in 2008 and it did have a marked cigarette odor in spite of the efforts of mitigation (paint and carpet, getting rid of some...

So many ways to measure (part 2) Yesterday I wrote about two different parts of the analysis of market conditions and today I will finish my story. There are a number of different ways to measure the market, but what I am doing now (and I do change things up as I learn of new techniques) is takin...

So many ways to measure Markets are rarely identical and what happens as a nation isn’t necessarily what happens in a county, or what happens in an area, or even a submarket. We hear a lot about the improving market conditions that are occurring nationally, but as in all things real estate, the m...