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When it comes to realistically pricing and selling a property, appraisers typically compare up to 6 properties and then add or subtract features, square feet, improvements and other variables. Typically they can go back up to 12 months but in todays market, 3 to 6 months is more realistic on what a property will typically sell for. That's a huge difference, would like to know what area/location and particulars of the property. My statistical numbers are usually right on the money. Keep in mind appraisals can vary depending on refinance, insurance quotes, re-sale, FHA or Conventional Financing. Also, a lot of markets drastically changed in a very short period of time depending on Short Sales & Foreclosures, lots of variables in a price.
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