Framing the Choices In politics, it’s often said that “whoever defines the terms of debate, wins.” The equivalent in real estate appraising would be, “whoever decides the geographic area for choosing the comp’s, defines home values.” What does that mean? One of the challenges choosing and analyzing “comparable sold properties” (comp’s) is coming up with...Read More
Inflated Realtor Claims Does one sale make you an “area specialist”? That’s the claim being made by a Coldwell Banker Burnet agent who just sold a home about a block from where I live near Cedar Lake in Minneapolis. The agent’s flyer, which was just left on my door, trumpets “Just Sold” above a photo...Read More
