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Updated almost 10 years ago on . Most recent reply

Danick St Jean's profile image
Danick St Jean's profile image
Danick St Jean
  • from Tampa, Florida
  • Member since Feb 16, 2015
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Danick St Jean's profile image
Danick St Jean's profile image
Danick St Jean
  • from Tampa, Florida
  • Member since Feb 16, 2015
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Danick St Jean
  • Tampa, FL
8
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111
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Real Estate Deal Analysis & Advice

Certified Appraisal vs. Sales Comp

Danick St Jean
  • Tampa, FL
Posted

Which is more reliable a certified appraisal or sales comps, and Why? I have a property for sale and a certified appraisal was provided but buyers still want to use the comps. 

 please advice

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Rob Beland's profile image
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Rob Beland
  • Investor
  • from Leominster, Massachusetts
  • Member since Jun 11, 2011
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Rob Beland's profile image
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Rob Beland
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  • from Leominster, Massachusetts
  • Member since Jun 11, 2011
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Rob Beland
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  • Leominster, MA
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Rob Beland
  • Investor
  • Leominster, MA
Replied

A certified appraisal is great to show the value at a certain point in time. Sales comps will take into consideration market trends/fluctuations. In some markets the appraisal could be outdated in a matter of months. 

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