New to this forum. Need help..... i'm doing a bpo for an AM and the found 2 closed comps in the same bldg within the last 2 months with the same sq.ft however one sold for 900k and the other for 600k. Is that too much of a price swing to use as a comp? should I go to another building and find something more similar in price range? I would appreciate help from an experienced bpo realtor. Thx
Can you account for the difference in sales price? Was one in poor condition or a "motivated" seller or maybe all furnishings were included in the higher sale? If you need both as comps, you might give the buyers' agents a short phone call.
_________________________ Broker/Owner, REALTOR®,GRI, ABR REO listing/selling since 2004; BPOs only for current clients
Yes I spoke to the agent of the lower priced listing and she said the owner just wanted out but the unit was in good condition. Should I just go to a different building and find another comp? I believe the value of my subject should be closer to the 900k range. thank you.
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