Sentences with phrase «similar nearby properties»

You'll get actual sales prices for similar nearby properties that have sold recently, not asking prices or unreliable estimated values.

Not exact matches

A CMA pulls data about nearby properties with similar or the same characteristics as the home you want to buy.

They compare the property to nearby recent sales of similar houses — square footage, condition, site (nicer views are worth more), quality of construction, and both desirable and undesirable features that affect the property marketability if the lender has to foreclose and sell.

If a neighborhood has recently seen several distressed homes sold, the value of nearby similar properties can be negatively affected.

Otherwise, consider checking out El Nido Mahogany resort which is a similar property located nearby.

The ingredients for confusion and deceit were present in that there was fraudulent conduct by the borrower, says Robert Highmore, head of London property litigation at Charles Russell LLP: «The premises were not clearly identifi ed by signage, there were similar premises nearby also controlled by the borrower, insufficient details of the property were entered on the mortgage application form and arrangements for inspection were made relatively informally over the telephone.»

The definition of comparable properties is homes nearby which are similar in size, age and condition to the subject property.

Even a fully rehabbed, beautiful house in immaculate condition can only be priced as high as the market will allow — if seven similar houses nearby (in the exact same condition) are for sale at a certain price, you can't magically sell yours for a significantly higher price than those seven properties.

You note some higher comps, which is comforting, but check it out thoroughly on Craigs List, Padmapper, calling For Rent signs, talking to nearby tenants in similar properties, etc..

What are the nearby and recent comps for similar properties?

To set the right price, we'll need to compare your property to similar properties nearby that have recently sold.

The most important factor is a breakdown of «comparables» — nearby homes or properties that have sold recently and are similar in size and features to the home being appraised.

Appraisal A written justification of the price paid for a property, primarily based on an analysis of comparable sales of similar homes nearby.

Comparable Sales Recent sales of similar properties in nearby areas and used to help determine the market value of a property.

When pulling comps, use nearby sold properties from the last six months with similar square footage and other specifications.

These include the condition of the rest of the house, the value of similar homes nearby, and the rate at which property values are changing in the surrounding area.

Couldn't you ignore the Zestimate and just use Zillow's property info and similar sold properties nearby to calculate your own comps?

Mandell says determine the right price by finding out how the property compares to similar homes nearby, called «comps.»