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Financing in Near North Side : Real Estate Advice

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  • Local Info13
  • Home Buying46
  • Home Selling16
  • Market Conditions16

Activity 3
Sat Jul 11, 2009
Timothy Fitzgerald answered:
Hi Anne,

Have your Realtor do a comparitive market analysis on you home. If you don't have one already, Chuck sounds like a good candidate, since he has sold places in your area already.

Have a Great Day!

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Sun May 31, 2009
Jack Schlenk answered:
Fri May 29, 2009
Jack Schlenk answered:
Competing Comps in the building should carry the most weight in the Market Value opinion. The appraiser
could have used the subject building older sales for grid comps 6,7,8 and make at time adjustment. Example
A competing unit in your building sold 14 months ago. In the time period between the sale 14 months ago
and today the market median value had a decrease in value of 10%. Multiply the sales price of 14 month ago
x 10%= Today's estimated value. There is a little more to the process but this give you a basic Ideal how to
use older sales in an appraisal report.

Read Jack Schlenk Blog , What is the value of my Property and there articles (25+)
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