David Saks: October 2012

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 1889

                                                        #1889

When a residential appraiser starts looking for comparables and a sales comparison approach is used he's interested in homes that have been occupied for at least two out of the last three years.

Is this fact true or false ?

Please remember to take your time. The solution is posted below the wildlife photo.

wildlife

A. False

When a residential appraisal is undertaken and the appraiser wants to use comparables the appraiser wants to include homes that were sold within six months of the appraisal.

When a sales comparison approach is used it considers the sales prices of homes sold within the last six months.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • October 22 2012 09:49AM
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