Picking The Best comp

[Carnivore]

Location should not matter? Location is everything. The best comp is a subsitution that the buyer would buy if subject were unavailble. If subject is located in an A plus school district with well maintained newer homes and a comp is 1/2 mile away and same sf but in an inferior school district with deffered maintenance and older homes, the same buyer would not buy it, that is the criteria.

Thats what "locationally similar" means!

I need a two bedrom comp, you can go back to the first of the year.

Thats pretty funny. I can just hear the UW on the phone now "what do you mean you dont...."

 

[bkbandit]

Location should not matter? Location is everything. The best comp is a subsitution that the buyer would buy if subject were unavailble. If subject is located in an A plus school district with well maintained newer homes and a comp is 1/2 mile away and same sf but in an inferior school district with deffered maintenance and older homes, the same buyer would not buy it, that is the criteria.

By Location I meant City/State, not phyiscal location in the neighbrhood.

 

[bkbandit]

You need to find dwellings of the same era with similar B&B count, regardless of distance from property. Other than comp #5 your sales are 'too new.'

IMHO, without add'l info about the subject, i.e., renovations, etc., the nearby sales you show are not truly comparable.

Addtional Info: Subject remodled in 1998, added a Bed and two baths, Sqft shows on public record room count does not match.
$44,500 was sales price in 1973 didn't mean to leave that in!

 

[Mike Garrett RAA]

The perfect comp...the exact same model, next door, that sold yesterday. From there it's all down hill.

Much of the problem could be solved by writing the great american epic novel. Tell them what you did, why you did it, and why you didn't do that they think you should have done.

 

[Elliott]

Carn said, "
Originally Posted by Elliott 
I need a two bedrom comp, you can go back to the first of the year.

Thats pretty funny. I can just hear the UW on the phone now "what do you mean you dont...."

I is the UW. I want a two bedroom comp! Not being unreasonable. What else explains this mess?