Updated almost 5 years ago on . Most recent reply

After repair value and appraisal
I want to know how do appraisers come up with comps and ARV. Like without fancy gadgets or sites like propstream( not even sure they use those). Like what is the secret?
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Stephen Keighery
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Zillow is OK to use as long as you are only looking at Sold prices (don't even look at zestimates). Make sure the area is comparable. In my market (New Orleans) comps change block to block so you can't just use 0.5 miles, you need to draw a shape around that tight little neighborhood. If you are doing all this right you might not have enough buyers. They are all different and you need volume so have the right buyer for many different properties.
- Stephen Keighery

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