Saturday, November 22, 2014

Three Sales from Three Prior Quarters - Unadjusted for Time of Sale - are NOT Comps. Homequant Explains!

Three Sales from three prior quarters - unadjusted for time - are not comparable sales ("comps"). They must be adjusted for the time of sale. 

The following snapshot shows how to time-adjust comps at 6% GROWTH annually (.5% per mo) to arrive at the subject value as of 12-31-2014, resulting in the older comps to gain more in time value than the newer ones...

Visit the Homequant site to learn how to use time adjusted comps to value subject properties:

Other Related Posts:
Homebuyers MUST Demand to See the Comps, Spatially. Homequant Illustrates!

Homebuyers MUST Choose Least Adjustment over Distance or Sales Recency. Homequant Enlightens!

Homebuyers MUST Use Five Best Comps to Value a Subject. Homequant Demonstrates!

Homebuyers MUST Verify Appraiser’s Values in Four Easy Steps. Homequant Reveals!

Homebuyers MUST Validate Home Values at Self-directed Sites. Homequant Pioneers!

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