When is a comp, NOT a comp? There are several instances where this may be the case, the most obvious being Non-Arm’s Length Transactions. But new construction and of course the neighborhood outliers – you know that neighbor who has been doing construction and adding on to their home for […]
MCA presently generates a comparable similarity score based on 4 basic characteristics – Bedrooms, Bathrooms, Living Area and Lot Size – used to compare the subject property with a bunch of comparable properties. MLS data is used for these 4 characteristics for both subject and comparable properties. if any of […]
Flip identification feature helps you to identify whether the property was sold within the last 24 months. The flipped properties will be highlighted with a Yellow background color on the listings page. On the preview window, the corresponding property will have a Flip tag indication.
The Appraiser has multiple options to view the comps once the search has been performed around the Subject Property. The Table view is the default view on the left side with the numbered comps sorted in the order of distance from the Subject Property. On the left side is a […]
While reviewing the comps, click on the % Similarity Score link. This opens up a pop-up window where the weights for the parameters are shown. The parameters currently included are Bedroom count, Bathroom count, Living Area, and Lot Size. The relative weights assigned to each parameter can be edited as […]
In the Comparables view, clicking on the Settings icon opens a pop-up that has the fields available for display in the Comps table. These fields are Status, Listing Price, Listing Date, Close Date, Close Price, Beds, Bath, Type, Days on Market, Stories, Living Area, Distress Type, Lot Size in sqft, […]