Researching the sale price of homes comparable to your own (comps) is a good way to get a rough idea of your home's current value.

Answer: True
Explanation: Public data on homes values often take the " average" value of many sales. Such method does not take in consideration the condition of each house and the general appeal of the floor plan.

Answer: True
Explanation: Finding other like and similar properties to your own that have sold in the fastest duration of time for the right price is a key ingredient to the seller's success.

Answer: True
Explanation: Appraisal home values are based on available sales information and market trends. Researching the most recent sales considered comparable is the best indication of a homes values. Although various internet sites provide home values they do not take into consideration variables such as overall condition and cosmetic appeal. However it is important to remember that appraiser's provide an opinion of what a home may be worth to a perspective buyer.

Answer: True
Explanation: Self due diligence is the first step

Answer: True
Explanation: This is the best way to see what the current market price of your home is. The market sets the price so it is crucial to have an accurate CMA done when getting ready to list your home.

Answer: True
Explanation: Just be sure your research uses "comparable" not just "alternative" properties. Also make sure to adjust for any functional utility differences that would be noticed by potential buyers.

Answer: True
Explanation: The best way to know what your house is worth is to look at comparable sales around the area. Find out what houses are selling for around your neighborhood, also look at past sales and current listings.

Answer: True
Explanation: Knowing whats going on in you neighborhood and paying attention to sales and listings are a good way to get a feel for the market.

Answer: True
Explanation: When meeting with Sellers, I will provide them with listings of comparable homes that have sold within the last few months, within the closest proximity to theirs. This will give them the most accurate reflection of the current market conditions and home values to assist in determining the fair market value of their home. An over priced home will not sell and by the time you reduce the price to catch to the market, potential buyers have moved on and possibly bought another home. If the buyer is working with a competent agent, that agent will also run a list of comparable homes to support the buyer's offer price.

Answer: True
Explanation: yes

Answer: False
Explanation: Leave it to a professional to determine the value of your home.

Answer: True
Explanation: I like to do comps on a home that a buyer is interested in or the sellers' home, to see if the asking price is accurate.

Answer: True
Explanation: Researching your own comparable sales is a good place to start. However, knowing which homes are truly comparable to yours and which are not is something that a professional appraiser or highly skilled local realtor would be best equipped to handle.

Answer: True
Explanation: The best wat to determine market calue is to study similar sales in your neighborhood.

Answer: True
Explanation: It is one way to come up with the price to sell your home

Answer: True
Explanation: It can be true but a lot of research and understanding into what makes a good comparable sale. For instance I just filed a rebuttal and won against a licensed appraiser who was more concerned with a model match than relevance. The model matches were over a year old while sales prices increased over 10% in that time. The current no model matches were more appropriate comparable.

Answer: True
Explanation: A good real estate agent will provide a comparative market analysis, as part of the educational process of the transaction. It is important to understand the market and what is a reasonable expectation for the sale of your home.

Answer: True
Explanation: Recent sales of other homes that are similar gives you a good estimate of approximate value. In no way is it an appraisal.

Answer: True
Explanation: Comparative method

Answer: True
Explanation: Like kind properties are typically the best data to use for comparison.

Answer: True
Explanation: Don't forget to look at the pictures and ask yourselves Is our home better or worse than this comp? Also make sure the comps are in your same or similar neighborhoods.

Answer: True
Explanation: This is a good start, however, your local real estate agents should know more about the comps than the listing information shows and can get you a more in depth analysis of what your home should list for.

Answer: True
Explanation: It is a good way to get a ROUGH idea. However, there is a lot more involved in setting the correct price to market and sell your home. Agents do a lot of research to determine the market price of you home.

Answer: True
Explanation: There is a good chance that an appraiser will be using the same comparables as your agent does, and is a good indicator of value. Comparables should be within the same neighborhood if possible and be a current sale.

Answer: True
Explanation: No explanation needed! Have your agent provide you with the comps!

Answer: True
Explanation: Doing a market analysis of the homes comparable to your own house square footage is a great way to know how much your home is worth because you can compare to the ones on the market and the ones that sold.

Answer: True
Explanation: When buying a home you must research the value and title so that you know your looking at a clean deal and that the value is what you paying for. So be sure it's the actual value not inflated value.

Answer: True
Explanation: This is referred to as a comparable approach which is the preferred method used in establishing value for single family residences. This method allows you to compare homes that have sold in the most recent past,typically six months, and are like-kinds and provide the purchasing price buyers were willing to pay during a specific time period.

Answer: True
Explanation: This is a good way to get an idea of what your home should list for prior to meeting with and interviewing potential listing agents.

Answer: True
Explanation: Because that is the appraisors use as well to determain your home value.

Answer: True
Explanation: Comps is what the appraiser is going to use as well in order to find your value. You don't want to have a low appraisal because you are over priced.

Answer: True
Explanation: Be sure to remember that there are differences that have a value appeals to the typical buyer and that needs to be taken into consideration when performing a property valuation. For deeper discussion please reach out to us.

Answer: True
Explanation: I am certified as a PSA--- Pricing Strategy Advisor. I am able to compile Comparative Market Reports to mirror Appraisers which assists greatly in pricing listings for my Sellers and Buyers

Answer: True
Explanation: Texas is a non-disclosure state, so the information on sales prices may not be readily available to all. Asking a Realtor is the safest bet.

Answer: True
Explanation: It's good to know what's on the market and how your market is performing. But sales are really the best indicator of what your home should sell for. supply and demand

Answer: True
Explanation: Yes, I always do comps on homes for both my Sellers and my Buyers.

Answer: True
Explanation: Using the recent sales of comparable homes is a good way to get a ROUGH idea of what a property is worth, but it is not the only factor used when determining the best pricing strategy when selling the home. Of course, an evaluation of a property's current market value is only as good as the sources of information used to come up with this professional market value analysis. There are many factors that go into the estimate of a home's value. We take into consideration the property's condition, the time of the year in which it is being sold, the proximity to all desirable neighborhood features, the taxes on the property, the location, recent sales, projected sales, market trends, neighborhood changes, legislation, status of the economy, and over 50 additional factors when determining the value of a home. #rosarioshalomayevteam #glrosario

Answer: True
Explanation: I am a Realtor

Answer: True
Explanation: This can give you an idea, however with a comparative market analysis with an agent will be more accurate because active, sold, withdrawn homes are all used to compare.

Answer: True
Explanation: Not only is it good to know the value of the homes comparable in your area but it will save you time and money by aiding in correctly listing your home for sale.

Answer: True
Explanation: let your REALTOR pull comps for you, to make sure you have the latest data

Answer: True
Explanation: That is part of the research. Searching the area you are considering to list or buy goes not only by price, the location, size and improvements are also a factor.

Answer: True
Explanation: You have to be sure the comps are truly comps. A REALTOR in your neighborhood would be a better source of comps than a website whose data is outdated before it ever gets posted.

Answer: True
Explanation: Not very accurate.

Answer: True
Explanation: How else do you know what your home is worth?

Answer: True
Explanation: Most recent comps will give you an idea of what the home value is.

Answer: True
Explanation: the more comparable, the better.

Answer: True
Explanation: Once a home has closed in your track that is the most current comp for your area. Usually comps are only good for 6 months to be accurate and you always want to make sure it is a similar match. (room count, square footage, bath, etc)

Answer: True
Explanation: The only way to know is with comps, sold listings are a strong indicator for pricing to sell in current market conditions.

Answer: True
Explanation: This is really a true and false answer that has a lot of components that affect the value of your home. Searching recent completed sales on comparable homes will provide a rough idea of the current market value, but is not complete by any means. We'd be happy to explain further, this is a complex question.

Answer: True
Explanation: It never hurts to research comp sales.

Answer: True
Explanation: This is true, but it is best to hire a real estate agent so you get the real info - don't trust online sites.

Answer: True
Explanation: It is a good way to get an idea, however the market shifts daily so it is necessary to not take this as the end all to be all.

Answer: Not sure
Explanation: it all depends

Answer: True
Explanation: Comps are the best way to determine home values.

Answer: True
Explanation: I will do a free Comparative Market Value of the sellers home

Answer: True
Explanation: Yes, for a rough idea. A broker will be able to pull real stats from the MLS and do an actual CMA to help get the best pricing. BUT it's always your choice what to sell for.

Answer: True
Explanation: This is a must to get an accurate market price for your home.

Answer: Not sure
Explanation: You can certainly get a plethora of information today online, but I would interview several professional realtors in person and get their take on your property. A good realtor can give you qualified information and show you a track record.

Answer: True
Explanation: This is how I determine what a buyer is willing to pay for your home. A home is only worth what someone will pay for it.

Answer: True
Explanation: But leave the true comparative market analysis to a professional.

Answer: True
Explanation: Comps as well as current trends are important.

Answer: True
Explanation: Depends on specs and variables, should always refer to a certified appraiser.

Answer: True
Explanation: Unless you live in an area where comps are being faded out and not used.

Answer: True
Explanation: Absolutley

Answer: True
Explanation: Knowledge is power and you can be best prepared by having a market analysis done on the property which you are thinking of purchasing or selling.

Answer: True
Explanation: The comparison method is one of three methods used by an appraiser.

Answer: True
Explanation: Yes, but such research sources should be the MLS or Title company and not necessarily public web sites. A free processional service.

Answer: True
Explanation: This is true but there are other factors involved. A Realtor can pull true comps and adjust for things such as upgrades, sq footage etc, and any seller concessions given to the buyer.

Answer: True
Explanation: However, many property owners are unfamiliar with all the nuances involved with what is, and is not, a comparable property. There are many elements of comparison that are not readily apparent and could result in a misunderstanding as to the value of your property. Looking at other homes is always part of the process. However, if you want a true assessment of the market value of a piece of real estate you own, I suggest that you engage a licensed real estate appraiser.

Answer: True
Explanation: That is the way real estate agents do it

Answer: True
Explanation: This is what our system of market value is based on.

Answer: True
Explanation: This is a great way to start the process of learning what your home could be worth. This will not of course dictate the actual amount the home seller will actually receive but it helps with associating a real number with the process of selling their home.

Answer: True
Explanation: Chances are, your home will sell for approximately the same price as other comparable homes have - at least within a 90 day period.

Answer: True
Explanation: The market will set the price according to the current trends