Appraisers use completed sales of similar properties as comparables to determine a home's value; therefore, a home that has increased in value but has not yet sold cannot be used as a comparable sale in an appraisal, as only actual completed transactions provide reliable market data.
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Appraisal Tips for SellersAñadido:
Here's how to boost your home's appraised value before listing. [music] Let's say the home next door just went up. It's 50,000 more than what you bought it for originally, >> [music] >> but this is the key is wait until that home sells because otherwise it can't be used as a comparable sale on an appraisal. It won't count for anything.
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