• -Type of Property? Single Family Residence Condo PUD Vacant land or lot 2-4 residential units Apartment, Commercial, Industrial

• Please give a short description of the property (BR, Bth, SqFt...)

  
  

• Comments?

  
  

• Who should we send the comparable sales to?

  E-mail
  First name
  Last name
  Company

  Street address
  City
  State
  Zip Code

  Phone
  FAX

  Web address

   

• Please give us the subject property information:

  Owners name
  Street address
  City
  State
  County
  Zip code
  Assessors Parcel # if poss.
  Your estimate of value?
  Is this a purchase? Sales price?

  About Comparable Sales Checks:

  We send comparable sales as an accommodation to our clients.  The comps we send our clients are based on what we find in the public record to identify the subject property and seemingly, similar sales in the neighborhood.  These sales comps are not exhaustive but simply facts of the market place.  USPAP (our guidelines) prohibits appraisers from making value judgments without doing an appraisal.  We cannot tell you what the value might be without going through the appraisal process.  We generally recommend doing an appraisal if there are comps that bracket the estimated value.  We suggest you allow the borrower to check the sales comps and decide if an appraisal is warranted.

  About Desktop Appraisals:

  If you would like something more than just a comparable sales check, we can provide a "Desktop Appraisal" within 24 hours.  This appraisal is limited and all properties may not qualify due to complexity and the amount of public record data available.  State in the comment section above that you would like a "desktop appraisal" and we will get back to you quickly to let you know if the property qualifies.  The $175 fee can be applied to the cost of upgrading to a full appraisal.  The Desktop appraisal is a perfect option when the comps are to close to call.

  Thanks for the opportunity to be of service. 

 

                                      

 

Using sales comparables in determining your offer price When you prepare an offer to purchase a home, you already know the seller’s asking price. But what price are you going to offer and how do you come up with that figure? Determining your offer price is a three-step process. First, you look at recent sales of similar properties to come up with a price range. Then, you analyze additional data, such as the condition of the home, improvements made to the property, current market conditions, and the circumstances of the seller. This will help you settle on a price you think would be fair to pay for the home. Finally, depending on your negotiating style, you adjust your "fair" price and come up with what you want to put in your offer. Comparable Sales The first step in determining the price you are willing to offer is to look at the recent sales of similar homes. These are called "comparable sales." Comparable sales are recent sales of homes that compare closely to the one you are looking to purchase. Specifically, you want to compare prices of homes that are similar in square footage, number of bedrooms and bathrooms, garage space, lot size, and type of construction. If the home you are interested in is part of a tract of homes, then you will most likely find some exact model matches to compare against one another. There are three main sources of information on comparable sales, all of which are easily accessed by a real estate broker. It is somewhat more difficult for the general public to access this data, and in some cases impossible. Two of the most obvious information sources are the public record and the Multiple Listing Service. Thanks to RealEstateABC.com