When appraising a commercial retail property, it is important to understand the types of businesses nearby. These will have an effect on the property’s value. Suppose there are mostly high-end restaurants and luxury retailers in the area. Then a new discount store would likely have a lower ...
Whether you’re looking to buy your first home or sell your current one, the first thing you should do before entering the real estate marketplace is explore the comps or “comparable sales” of nearby homes. Let’s explore what real estate comps are, why they’re so important and how ...
For example, two homes with similar square footage and finishes, within a quarter mile of each other in the same school district, both with in-ground pools, are likely to have very similar values. Conversely, if the home you’re evaluating is unique, unlike what has sold nearby or in a...
And I am friendly and outgoing to my fellow players — both at nearby machines and anywhere else on the floor I might wind up during my wandering breaks (as anyone who’s ever met me in a casino will surely testify!). But what about you? If you can apply the above typology to yours...
whether or not it is pet-friendly, and any additional amenities like a pool. Location is another important piece of the puzzle to pay attention to and all comparable properties should be in the same place. All of these properties should also have similar access to nearby transportation options...