Flip vs. BRRRR: Is Selling or Refinancing More Predictable?
To correctly determine the price of a subject property, appraisers compare recent sales from within a market. Ideally, appraisers find comps within a one-mile radius (in any urban or suburban neighborhood, not rural ones)
Appraisers pick at least three closed sales as comps. They can also list several active or pending listings to illustrate current market behavior, which can have a big effect on a home’s value.
When it comes to appraising your property, always do your homework to make sure the comps are an accurate representation of your property. In this webinar I share with you secrets on how to shape that narrative! Stay tuned!
