San Diego Homeowners often are looking for ways to improve the value of their home but do not know which items will add value, an appraiser can help you with this problem by providing you with a pre listing appraisal. So many homeowners are upset that the updates that they have completed on their home do not increase the value or have very little effect.There are many things that a homeowner may update in their home to make it better for themselves however these same items may not increase the value of the home.
How Does a San Diego Appraiser Select Comparable Sales for an Appraisal?
A common question appraisers are asked is how they select comparable sales for an appraisal. Comparables are properties used in the appraisal to compare to the subject and help determine the appraised value. Homeowners and realtors can often be confused as to how the appraiser selects these properties and why some properties are not selected to use in the appraisal. There are three major factors that help determine which comparables the appraiser selects, these factors are how current the sale or listing are, the distance from the subject, and the similarities in amenities.