How to Select Good Comparables for Appraisals
Real estate appraisers must consider many factors when determining a property's worth. One of the key components is selecting comparable properties. This process can be tricky. As there are many factors to consider and it requires more than just finding homes with similar square footage. Let’s look at some of the criteria for how to select good comparables for appraisals. What is a Comparable? A comparable is a property that has recently sold in the same market as the one being evaluated. The more similar the comparable is to the subject property, both in terms of location and physical attributes, [...]