Let your Comps be your Guide. You must put Trust in your Comps.
Properly selected Comps will always guide you to your Valuation.
I used to feel I had my thumb on the pulse of my market (and I once did), but I have since been enlightened by the Comps. In what has become such a dynamic marketplace, there's some truth in what I just said.
Recent Transactions sometimes surprise me . . . . alarm me . . . . shock and frighten me. They have a way of telling us what is churning in the Market despite what the pundents say about a recovery in Real Estate . . . . the Comps still say otherwise.
For those Mills that have such an algorithm for their calculations . . . . their platforms will educate you when your numbers venture very far beyond what the formulae allow.
If you're just getting your feet wet, the water will get more murky as you get deeply immersed!
Good Luck!
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Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"