In this Episode, We’ll Answer The Question: Isn’t Comparing House Like Comparing Apples To Oranges?

a. The Problem: Residential Real Estate In Not A Commodity So Pricing Includes Many Variables!
b. The Real Estate Term “Comparables” Is Misleading!
c. Although You Must Compare And Resolve Differences!
d. Beware: Don’t Ignore Your Neighborhood Effect!

“Many sellers will explain away others properties as comparables sales as-if they are some threat to value. Although it’s true that residential real estate is not a true commodity, we must compare other properties to determine what-the-money-is-buying to determine a reasonable asking price range.”