Comp selection same city or same school district, need help!

[Webbed Feet]

hi,

I am doing an appraisal where the subjet resides in the city of, saratoga, ca. The subject is also closely bordered next to, san jose, ca. My question here is do i pick comps in the same city as the subject, saratoga? If i do this then none of the comps will be located in the same school district as the subject. If i do pick comps in the same school district then all of my comparables are located in the city of, san jose. So what comes first here comps in the same city as the subject or comps in the same school district in a different city? Need help asap! thanks..

What comes first, per the USPAP, is competency. Recommend you start riding along with some local real estate brokers and learn something about the markets you are appraising in. If you can't take a few weeks off to actually learn what drives the markets there, then take the career off and stop appraising.

:new_smile-l:

 

[Pittsburgh Pete]

What comes first, per the USPAP, is competency. Recommend you start riding along with some local real estate brokers and learn something about the markets you are appraising in. If you can't take a few weeks off to actually learn what drives the markets there, then take the career off and stop appraising.

:new_smile-l:

Dale Carnegie strikes again!!

 

[hvn2006]

hi,

thank you so much guys for replying and lending me a hand. I talked to some of the agents in the market area and most of you should take note. They told me Saratoga is considered to be a more desirable area than san jose. Although the school districts are different the city of Saratoga dominates the market area. The agent also suggested to add a couple of comps in san jose to justify the school district but make a comment in the report as to why the comps were used. Once again thanks for everyone reply have a good Thanks Giving Holiday, take care!