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Updated about 12 years ago on . Most recent reply

User Stats

37
Posts
7
Votes
Melissa Ramos
  • Atlanta, GA
7
Votes |
37
Posts

Comping Properties in Atlanta GA

Melissa Ramos
  • Atlanta, GA
Posted

All my Atlanta/Georgia peoples, how do you comp a subject property when there are no similar properties anywhere near it? For example: a subject property is built 1950s and is 1400 sqft, 4/2. The neighborhood that the property is in, houses are either 2000s and newer with the same sq. footage and same bed/bath. Now technically I cant put these properties as my comps since they wont have the same features as a 1950 property. All other comparable properties are built the same year (give or take minus or plus 10 years) but are small - 600 to 1000 sqft with only 2/1 or 3/1 if Im lucky. If I do find some property that are the same year and same bed/bath, it would be at least 1.5 to 2 miles away from the subject property.
How do you guys go about comping a property in a neighborhood like this and settling on a price?

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