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However what if you can not get whatever that is exactly like the house you are attempting to worth? Have you ever heard the term “apples to apples”? This holds actual in actual estate. If you are not able to compare an apple to an apple, you need to regulate the comp to be an apple. Let me tricky.

 

Let’s assume you have a 1,200 rectangular foot apartment. You discover a quality comp, however it is 1,four hundred rectangular ft. To make use of the 1,four hundred square foot comp, you will need to take the fee it’s listed or bought for and modify the number right down to atone for the house being better. Essentially, the field property is expected to promote for less because it is smaller in measurement.

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