Want to know how to figure out how much your home is worth? Just ask Zillow! Ha ha, just kidding. This video seeks to explain how the sales comparison approach to real estate valuation works, or doesn’t work, when you do it wrong. The key is find properties that are overall the most similar, in the most similar location, and to ignore the “outliers” – properties which for some reason seem to have sold much too high or much too low. Ignore them, they’re noise! But watch this video to get my take on the whole topic.
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