If you're wondering how 100 or 200 SF adjusts in the price of your San Diego home, it depends.
For example, if there is more than a 10% -20% variance, the first step is to find more similar comps to the subject property.
What if you're selling a 1500-square-foot home for $1,000,000? That is $667/SF. So, is a 1600-square-foot home worth $66,700 more? Probably not.
Similarly, a 1400 SF home is probably not worth $66,700 less than the 1500 SF home.
If you want to talk about specifics, call or text George Lorimer at 619-846-1244
So what can you do?
Appraisers use the sales comparison approach where you have a subject property and three comps. And you make adjustments based on if the subject + or - compared to the comp.
Usually, they might use an adjustment for the SF of $100 or $200 per SF. Watch the quick video for an explanation, or call me at 619-846-1244
Get a free home value at: https://www.sdhomeprice.com/
For example, if there is more than a 10% -20% variance, the first step is to find more similar comps to the subject property.
What if you're selling a 1500-square-foot home for $1,000,000? That is $667/SF. So, is a 1600-square-foot home worth $66,700 more? Probably not.
Similarly, a 1400 SF home is probably not worth $66,700 less than the 1500 SF home.
If you want to talk about specifics, call or text George Lorimer at 619-846-1244
So what can you do?
Appraisers use the sales comparison approach where you have a subject property and three comps. And you make adjustments based on if the subject + or - compared to the comp.
Usually, they might use an adjustment for the SF of $100 or $200 per SF. Watch the quick video for an explanation, or call me at 619-846-1244
Get a free home value at: https://www.sdhomeprice.com/
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