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<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>Trulia Voices: HOw far back can an appraiser go back for comparables when doing their appraisal?  What if there none?</title><link>http://www.trulia.com/voices/Home_Selling/HOw_far_back_can_an_appraiser_go_back_for_comparab-144163</link><description>available in the immediate area, but others are in a less expensive development of the same zipcode?  Do they use those or listings on the market in the actual development?</description><language>en-us</language><item><title>Answer by Jaime Dorn</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-Jacksonville_NC-262614/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-Jacksonville_NC-262614/</guid><description>Hi Dee!&#13;
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Most appraisers will go no further than one year, but they prefer to stay within a 6 month sales period.  They also like to keep comparables within a 5 mile radius or closer if possible. As far as subdivisions, they will try to find 2 -3 comparable properties within the same subdivision, and one or two from another subdivision. They will usually take 3 out of the 5 or 6 they find, that are the closet match to the subject property. If there are no comparables in the immediate area, they will look further out or make adjustments on other properties that are close by but not exactly the same product. For example, a home in a higher priced neighborhood might get $40 square foot adjustment compared to the neighborhood down the road that only gets $35. Some things that factor into determining the adjustment price is the type and quality of construction, materials used and how that home measures up to the general construction of the neighborhood. &#13;
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I hope I've been able to answer your questions. Please feel free to email or call me with additional questions you have&#13;
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Jaime Dorn&#13;
REALTOR/Broker, ABR&#13;
Choice Realty&#13;
910-934-3220&#13;
jaime_dorn@yahoo.com</description><pubDate>Thu, 09 Jul 2009 13:03:50 -0700</pubDate></item><item><title>Answer by Carmen Wilkinson</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-Onslow_County_NC-274886/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-Onslow_County_NC-274886/</guid><description>An appraiser typically goes back about 1 year.  However, they still attempt to use the most recent comparables.  Comparables do not necessarily need to be in the direct community of the subject property.  Most appraiser's try to use comps within 5 to 10 miles if there aren't any in the direct vicinity.  Active homes on the market cannot be used as comparables, only sold homes.  Have you asked an agent to assist you with a current market analysis?  This may be a good idea, as an agent may be more familiar with which homes would be likely considered as comparables.  Carmen Wilkinson, Realtor 910.467.6635</description><pubDate>Thu, 09 Jul 2009 12:59:30 -0700</pubDate></item></channel></rss>
