Andee
Junior Member
- Joined
- Dec 11, 2016
- Professional Status
- Certified Residential Appraiser
- State
- Texas
Dealing with new construction, only 4 sales in my subdivision and 2 are within the GLA parameters, with none reported in MLS. Market is showing a downward shift in pricing according to MLS, but we all know this may not be correct, but have to go with the flow. Many of the sales in MLS are closing out a phase and the sales price has dropped an average of 7.8% just for these types of properties. Has anyone ever taken an adjustment for closeout pricing, to increase it based on this factor alone?