Commercial comparable sales data is essential for Austin real estate professionals in making reasoned decisions regarding buying, selling and financing real estate. Accurate and timely commercial comparable sales data provides investors, brokers, lenders and appraisers the edge and advantage they need to efficiently make prudent decisions. Real estate professionals in Austin, Texas regularly rely on commercial comparable sales data from oconnorcomps.com when making decisions and preparing documentation. Oconnorcomps.com offers the largest volume of data and widest geographic breadth of data available for Texas: Commercial comparable sales in Austin Comparable land sales in Austin Commercial comparable sales in Texas Comparable land sales available in Texas Oconnorcomps.com has commercial comparable sales and land sales data for: Austin, Houston, San Antonio, Dallas, Fort Worth, Amarillo, Odessa, Midland, Beaumont, Corpus Christi, Brownsville, Harlingen, Longview, Texarkana, Victoria, El Paso and many other Texas cities. Real estate professionals regularly utilize commercial comparable sales data from oconnorcomps.com for the following purposes: Obtaining comparable sales when preparing an appraisal Documentation when preparing a package offering a commercial property for sale Reviewing the asking price of property being offered for sale Evaluating the sales history of property be considered as collateral or as an acquisition candidate Determining trends for market value within a submarket or metropolitan area Analyzing capitalization rates within a sub market Preparing a ratio study for property tax purposes Establishing the asking price for property being offered for sale Analyzing the proposed market value of collateral for property being offered for collateral Austin commercial comparable sales data includes information regarding sales of warehouses, retail buildings, office buildings, land, apartments, car washes, community shopping centers, malls, neighborhood shopping centers, discount stores, department stores, medical offices, banks, funeral homes, veterinary clinics, day care centers, drugstores, country clubs, cold storage facilities, service center warehouses, auto salvage yards, schools, churches, hospitals, self store storage properties, hotels, nursing homes, retirement homes, restaurants, convenience stores, fast food restaurants, bars, auto dealerships, automotive service properties, and truck stops. A dedicated staff compiles commercial comparable sales data and land sales data for properties throughout Texas. Additional data is obtained, reviewed, supplemented and added to oconnorcomps.com daily. Appraisers often adjust for differences in size for properties which are similar in size. For example, it would be reasonable to adjust for differences in size between a one-acre subject property and a two-acre comparable land sale. However, it would not be reasonable to adjust for differences in size between a one-acre comparable sale and a 100-acre subject property. The difference in size is too large to consider the properties comparable. Discerning what size properties are acceptable as comparable sales and can be reasonably adjusted requires analysis and judgment from the appraiser. Appraisers generally agree that the comparable land sale and the subject property must have the same highest and best use. While there may be extreme cases where it is not possible to find properties which have the same highest and best use as the subject property, it would be extremely difficult to adjust for differences in economic benefit between parcels which have a different highest and best use. Performing a credible and reliable valuation of land using the sales comparison approach requires comparable sales with the same highest and best use as the subject property.
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