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Answers (3)
- Helen Edwards, "Helen Edwards"
- Contributions:478
Appraisers here use past 6 months sales, I go with that.
- Kathy Voss, "Award Winning"
- Contributions:1
Recently sold in my opinion means within a 30 to 60 day history. It is important to know the market trends and what price ranges are selling. I use comparative sales for the last six months sold.
Hopefully this helps.
http://www.kathyvoss.com
Hopefully this helps.
http://www.kathyvoss.com
- Jorge Zarate, "realestatejorge"
- Contributions:15
It depends on the market. Recently can be 1-3 months if the values are dropping fast or going up in value in a good market.
If the market is more stable as it was back in 2002-2003 you could use up to 6 months as recently.
Also, some areas are even slower than that and you may have to use comps from a year or longer. (this is more for rural areas were few homes sell)
I don't know if this answers your question....
Jorge
http://www.newgenerationrealestateteam.com
For the item "recently sold", how many months you considered "recently"
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