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Sales Analysis

Value Trends for Real Estate Condo Sales in UT

UT West Campus Condos Market Values

By | Sales Analysis

The area known as West Campus near University of Texas is a hot spot for condos sales and rentals due to the obvious transient nature of the market area. Each year students, specifically upperclassmen, go on the hunt for a suitable off campus property for the next few years of college. Likewise, many graduates are moving away from the college scene and into apartments more suitable for young professionals. Typically turn-over like this is a…

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sales concessions influence appraisal

How Do Sales Concessions Affect Market Value?

By | Sales Analysis

Concessions listed on comparable sales are an important factor that an appraiser needs to weigh when performing an appraisal. Most appraisal forms, including the government standard 1004 URAR, has a section in the sales comparison grid to list, and adjust for, any concessions made on the sale of that property. Depending on the amount of the concession, and what is typical within the market area, they can have a drastic impact on the adjusted value…

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