Monday, April 10, 2017

Three Similar Sales from Three Prior Quarters - Unadjusted for Time of Sale - are NOT Comps

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 04-30-2017, resulting in the older comps to gain more in time value than the newer ones...

(Click on the image to enlarge)
Visit the Homequant site to learn how to use time adjusted comps to value subject properties:

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