Asked by Kara, North Haven, CT • Wed Mar 6, 2013
We're having an appraisal to determine the current value of our home for a refinance. Much of the advice I've been reading has told us to research our own comps so we have an idea of how the appraisal will come back. The online tools I've been using have been comparing recent sales in my area of homes built around the same year as mine. This is where my question comes in. We gutted this house down to the studs and updated every single thing inside and out. So, simply comparing this home to other 1950's homes doesn't seem accurate (or fair) to me at all. Does a Realtor take this into account when looking for comps? Or do they just stick with the year built when searching for comparable home sales?
Real Estate in North Haven
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