Answer: When It’s Listed on MLS as a 2-Story I don’t come across it that often, but I do come across it: a home listed on MLS that’s miscategorized for “Style.” Invariably, one of two things is going on: 1) an inexperienced agent didn’t know the difference; or 2) a very experienced knew exactly what...Read More
Golden Valley Rambler With 5 BR/4 BA, 4,500+ FSF for $475k What at first blush looks like a screaming value becomes less so once you factor in the house style — a one-story rambler (“Ranch” outside the Midwest). In particular, fully half of the finished square feet is in the basement. Basement vs. “Lower Level”*...Read More
Weighing Comp’s and “Kind-of-Comp’s” The cornerstone of establishing market value for a given property is the CMA, or “Comparative Market Analysis.” As prepared by both Realtors and Appraisers, it consists of selecting a peer group of three homes (“Comparable Sold Properties”), then going through a compare-and-contrast process sizing up each of the Comp’s relative to the “subject”...Read More
That (non-hypothetical) question is prompted by the practice — at least in my household — of each child rather loudly registering their displeasure at being sent to their room by stomping on each and every step on the way to their (upstairs) bedroom. It was child #3’s turn to do “the march” this morning, for...Read More