Move to SC Now!
  • HAMMOCK COAST LIVING
  • MY BLOG
  • TESTIMONIALS
  • ABOUT
  • SEARCH HOMES
  • REAL ESTATE FYI
  • HAMMOCK COAST LIVING
  • MY BLOG
  • TESTIMONIALS
  • ABOUT
  • SEARCH HOMES
  • REAL ESTATE FYI
Search by typing & pressing enter

YOUR CART


​​“Nancy is an amazing agent!. ​She went “above and beyond” to help us find the perfect home. She took the time to show us many houses. She was patient while we decided. She worked with and for us every step of the way. I recommend her to anyone looking to buy here. We moved from Connecticut and she educated us on the area so we were comfortable moving somewhere we had never been before.”        Duncan Brown - Murrells Inlet, SC

Nancy Aborn Wuennemann

Picture

5/4/2019 0 Comments

I want to sell my house! Now, what's a comp?

The home you've cared for and loved might seem incomparable to you, but when you sell (or get a home equity loan), someone is going to have to find a comparison.
In the language of real estate and mortgage that is called comps.
Comps help answer the biggest question on your mind and a lender's mind when you look to sell your house: What's my home worth?
The answer? It depends.
It's important to note that home values boil down to educated -- and sometimes uneducated -- guesses. They are merely opinions, with the one that truly matters being the bank's. Toward the end of the process, the buyer's bank needs to approve of the purchase price in order for the loan to be approved.
What goes into a CMA? I generally research recent sales of similar properties in your location; the best comps are within 90 days or less, though if you live in an area that's less populated, you'll likely use comps from six months back and sometimes longer.
If your home is ranch style, it should be compared to sales of other ranch homes. A cape or a contemporary is different. Comps also take into consideration the number of bedrooms and bathrooms, the acreage, whether there's a garage and a basement, and things like central air and the type of heating.

0 Comments

    Archives

    July 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    June 2022
    January 2022
    February 2021
    November 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019

    Categories

    All

    RSS Feed

Location

1232-B Farrow Parkway
Myrtle Beach, SC 29577
​
    Have an Idea for an Upcoming Issue of Hammock Coast Living or a Question About Moving to and Living In Horry or Georgetown County?
    ​Contact Nancy Directly!
    Picture
Submit

Client Kuddos:



"Nancy has a unique blend of talent and energy. The icing on the cake is her wonderful personality. The combination is a rarity -- and truly refreshing into today's business world.  It is part of Nancy's very nature to roll up her sleeves to conceive of new ways to deliver results.  And not just expected results -- but success above and beyond expectations.
I can honestly say I cannot give a more robust and full-hearted recommendation for any person than I can for Nancy. ​If you're lucky enough to work with her, you'll discover why. "

Eric Knight - Founder, Remarkable Technologies, Inc. Hartford, CT