|Re: Hmm... Value dropped|
Poster: jbcglc Posted: 2012/5/13 15:19:30
My appraisal went down about $960.00, pretty much a "token reduction". I'm still going to file for an informal hearing.
I have 1 good comp for a house on Vista that sold near the end of April. It went for $75.81 per square foot. The house is much nicer than mine, in a better location, and approximately 7 years newer. My square foot appraisal is $80.00 per.
Using the price per square foot is the most common method of comparison, just divide the square footage of your living area by the appraisal amount