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Updated about 3 years ago on . Most recent reply

Randell Harris's profile image
Randell Harris's profile image
Randell Harris
  • New to Real Estate
  • from Knoxville, TN
  • Member since Oct 22, 2021
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Randell Harris's profile image
Randell Harris's profile image
Randell Harris
  • New to Real Estate
  • from Knoxville, TN
  • Member since Oct 22, 2021
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Randell Harris
  • New to Real Estate
  • Knoxville, TN
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Buying & Selling Real Estate

How do you adjust a comp to account for age difference?

Randell Harris
  • New to Real Estate
  • Knoxville, TN
Posted

How would one go about adjusting a comp for age?  Looking at a property located in Knoxville, TN that is about 30 years older than similar houses in size, bedroom, and baths. 

I have adjusted data to pull older comps  and expanded the radius to include more data.  Any suggestions?

Is there a rule of thumb to adjust for age?


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