Trouble finding comps

[Andres Cardenas]

I’m looking for comps on a 4 bed 1 bath house but I don’t see another 4 bedroom that’s sold recently. I checked one mile out and there’s nothing, nothing in the past 6 months either. In this case do I go further back in time and what’s the furthest I can go, or do I expand the search to 2 or 3 miles? Also let’s just say there’s no 4 bed house to compare to, would an appraiser compare it to a 3 bedroom similar in sq ft and amenities? Thanks in advance!

[Joanne Eriaku]

@Andres Cardenas, its ok to give some leeway downwards to 3bed or upwards to 5bed and adjust accordingly on the pricing...not more or less than that. Also, the 0.5 mile rule is applicable to fairly populated areas, but if its an area with houses sparsely apart, by all means, go upto 2miles if you have to.