Comps and Age

[Account Closed]

Hello, all. If recently sold comps are 2 years newer than your subject property, how much should I lessen the ARV of my subject property? All other factors are similar except for the age.

Thanks!

[J Scott]

If everything else is pretty much exactly the same, I wouldn't discount the subject property at all (unless the subject was a resale and the others were new builds that have never been lived in, though even in that case, the discount would be very small)...