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How to Use Comparable Sales to Price Your Home

By: Carl Vogel Published 2010-08-05 08:25:52 Before you put your home up for sale, use the right comparable sales to find the perfect price. How much can you sell your home for? Probably about as much as the neighbors got, as long as the neighbors sold their house in recent memory and their home was just like your home. Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, comps), sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours. What makes a good comparable sale? Your best comparable sale is the same model as your house in the same subdivision—and it closed escrow last week. If you can’t find that, here are other factors that count: Location: The closer to your house the better, but don’t just use any comparable sale within a mile radius. A good comparable sale is a house in your neighborhood, your subdivision, on the same type of street as your house, and in your school district. Home type: Try to find comparable sales that are like your home in style, construction material, square footage, number of bedrooms and baths, basement (having one and whether it’s finished), finishes, and yard size. Amenities and upgrades: Is the kitchen new? Does the comparable sale house have full A/C? Is there crown molding, a deck, or a pool? Does your community have the same amenities (pool, workout room, walking trails, etc.) and homeowners association fees? Date of sale: You may want to use a comparable sale from two...
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Top 10 Tips for Avoiding Identity Theft

(ARA) – Identity thieves are a creative, crafty lot and it’s easy to see why they do what they do – thousands of American consumers and corporations lose millions of dollars to identity theft every year. Even if you have only a basic understanding of how identity theft happens, thwarting identity thieves on your own can be an intimidating prospect. Fortunately, there are many ways you can protect yourself from identity thieves. Don’t be passive about protecting yourself from the ever-growing threat from identity theft criminals. Here are 10 simple things you can do to reduce your risk of identity theft: 1. Make your wallet your first line of defense. Lost and stolen wallets are still one of the top ways identity thieves obtain personal information. Limit what you carry in your wallet. Bring only the credit cards and identification you absolutely need. Never carry your Social Security card in your wallet. 2. When in doubt, shred. Old bills, bank statements, old insurance policies, explanation of benefits forms – the list of papers that can contain identifying information goes on and on. Identity thieves can work with nothing more than your name and address, so the safest move is to shred anything that contains identifying information. 3. Send securely. While the U.S. Postal Service has its own security measures in place to help protect you, it pays to take your own precautions. If you must receive mail at home, use a locking mailbox. Never leave outgoing mail in your box with the red flag raised for pickup – that’s a flag to thieves that mail is sitting unprotected in...
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Orange County Real Estate Fraud

The Orange County District Attorney’s office has a Real Estate Fraud Division, and recently, the Orange County District Attorney’s office announced they are seeking help in finding cases of fraud. The OC District Attorney’s office is looking for Real Estate Fraud in Orange County. If you feel you have knowledge of Equity Fraud, Appraisal Fraud, Loan Modification, or any other real estate fraud. Orange County District Attorney’s Office: Online Complaint Form:...
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