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Updated almost 14 years ago, 12/15/2010
Using comps correctly
I am in the process of pulling active and sold comps on a ranch and there is nothing on the market like the property.
Property:
Ranch, 12 rooms, 5br, 2.5baths, 4000sq. ft, 3.8acres.
When no real comps exist, I am uncertain if I should pull comps then based on the house or the acreage. I can find comps that have the same acreage but the houses are completely different and I can find similar houses but the acreages are not close. Any help would be awesome!