Chicago Real Estate Perspective

Dave Nimick: Comps & Real Estate

Episode Summary

In this episode, Dave discusses: How comps function in real estate transactions. What a realtor’s job is in understanding real estate information. The things to look for in the best comps. The importance of spending time on analysis. Key Takeaways: Comps are the evidence put together to get the best, most accurate current value of your home. Realtors can help you to understand what your home will sell for in the near future based on market evidence. Appraisers look more from a rearview mirror view. Online estimates are not always the most accurate. They are missing the information that a realtor can help to clarify to give a better understanding. Don’t fall for agents who are saying your home is worth substantially more than what everyone else is saying - they are likely buying the listing and it will cause more headache and hassle for you. "It's important to remember that no agent, myself or any anyone else, nor any person, can wave a magic wand and make a home worth more than the market will bear." —  Dave Nimick Connect with Dave Nimick: Website: https://thenimickteam.com/ Email: dave@thenimickteam.com YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos LinkedIn: https://www.linkedin.com/in/davenimick/ Facebook: https://www.facebook.com/thenimickteam Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty Show notes by Podcastologist: Chelsea Taylor-Sturkie Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

Episode Notes

In this episode, Dave discusses:

• How comps function in real estate transactions. 
• What a realtor’s job is in understanding real estate information. 
• The things to look for in the best comps. 
• The importance of spending time on analysis. 

Key Takeaways:

• Comps are the evidence put together to get the best, most accurate current value of your home. 
• Realtors can help you to understand what your home will sell for in the near future based on market evidence. Appraisers look more from a rearview mirror view.
• Online estimates are not always the most accurate. They are missing the information that a realtor can help to clarify to give a better understanding. 
• Don’t fall for agents who are saying your home is worth substantially more than what everyone else is saying - they are likely buying the listing and it will cause more headache and hassle for you. 

"It's important to remember that no agent, myself or any anyone else, nor any person, can wave a magic wand and make a home worth more than the market will bear." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.