Answers by THOMAS SCOTT

You absolutely can do a comparative market analysis to an extend, but you really need the address to get best price. The city, state, county, etc will greatly impact the value of a property.

You definitely want to talk with a lender. As a REALTOR, the short answer I can give you is it depends on so many factors. For 1, the market. Can you sell your current property quickly? Talk with a REALTOR and ask for hard data that shows properties in your neighborhood moving (or not moving). Look for days on market and average price per square foot on SOLD properties in the last 60-90 days. And on the flip side, what's the rental market in your neighborhood looking like? Talk with a property management company to get you some numbers. You'll need that to avoid bias from a listing agent just trying to sell your condo to make a quick buck. Next, timing. When do you need to move? And how long have you owned the condo? If you've had it for less than 5 years, it's almost always going to be a loss financially. And to follow up on that, I think the big thing is do you honestly care if you make a profit or not? If the answer is no, then work on selling it. Good luck! Thomas Scott, REALTOR 803-553-0771 | [email protected] Serving Fort Worth, TX and the surrounding areas.

In short, recency always wins for me, at least when it's a conventional home for sale. Why? Because the market is always changing. It sounds to me like your home is in an area where a lot of properties similar in comparison are not selling, or there just might not be room for a lot of similar properties in that area? Regardless, when you look at homes that are similar in features and build type, you can refer to price per square foot to make sure you're in line with the market. And of course, you an always contest an appraised value if you or your agent believe something is inaccurate. This is where your REALTOR should be able to assist, especially if they know the market. Thomas Scott, REALTOR 803-553-0771 | [email protected] Serving Fort Worth and Surrounding Communities

Definitely want to know this before going to the closing table and your lender should be addressing this promptly. IF your loan amount ended up being lower, that's great, perhaps they miscalculated your cash to close, but we don't want to make assumptions. The lender I work with on most of my deals typically paints a "worst-case scenario" for my buyers, which will usually result in initial cash to close estimates being higher than the final number. While that's a good thing for my buyers, we still would be letting them know in advance of closing day. If something just got completely missed (it happens), better to be safe and ask your REALTOR to check with your lender right away. Or, just go directly to your lender. Either way but get the verification so you can sleep easy at night. :) -Thomas Scott | REALTOR 803-553-0771 | [email protected] Serving Fort Worth and the surrounding areas.