Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago, 06/10/2016
Adjusting Comps
I need some advice. I evaluated a deal that confused me a little bit. From my understanding, when adjusting square footage on comps, you adjust the value of the comp up if the comp has less sq ft than the subject and downward if the comp has more sq ft than the subject property.
What if the comps are less sq ft than the subject property, but the value of the comps sq ft is more than the subject property. Wouldn't that skew the numbers?
Any advice would be appreciated.