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Home Buying in Landing : Real Estate Advice

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Activity 5
Mon Apr 4, 2016
martinsmarielle asked:
4 bedroom, 2 bathrooms over half acre Sussex county no
0 votes 0 Answers Share Flag
Wed Nov 23, 2011
Rick Ambrose answered:
Comps are updated as sales occur. An appraiser working for a lender will usually choose properties within ONE mile of the subject property which sold within the last 6 months to make the comparisons. If comps are difficult to find within those parameters, TIME and DATE of sale will be expanded - but LOCATION should not be.

Beware estimates of value of sites like Zillow - they go FIVE miles to calculate their numbers which punishes the preferred areas and rewards the less desirable. They also do not take view, waterfront location or other valuable property features into consideration.
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Sun Oct 16, 2011
Gene Tedesco answered:
Boardwalk,

yes the MLS is the main data source for all real estate sites like Trulia, Realtor.com, and even the individual real estate sites like remax.com.

Gene Tedesco
Re/Max Home Connection
973-575-6005 Office
201-341-0307 Cell
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