Licensed Associate RE Broker
Halstead Brooklyn, LLC
495 Atlantic Avenue I Brooklyn NY 11217
Direct: 718.613.2034 I Mobile: 347.489.2247 Fax: 646.472.7690
email@example.com I halstead.com
Most appraisers gather their recent sale information from public records. If they still need additional comparable sale or for sale information they will then search MLS type databases as well. Hence with "for sale by owners" the sale information will be viewed by the appraiser but in most cases they will not use a for sale by owner as a comparable active listing because they are simply to hard to find.
If you want to expound on your question or discuss it further, feel free to contact me. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Did you think that Appraisers are stupid, or that they are out to get you?
Appraisers are tested and licensed and have to answer to a higher authority.
No matter what house you are comparing to; there will always be some features, some statistic that is different from the Comp houses; the square footage, the age, the condition, the upgrades, something.
The Appraisal takes these differences into account; it either credits the primary house or debits the comp house, or vise versa. When the figures and allowances are all added together, the numbers make the houses COMPARABLE.
If you think you can do a better job; I suggest you take the courses, study your toke off, and then serve the apprenticeship to become your own Appraiser.