Quote:
Originally Posted by DaddyHalbucks
So, you are saying I have underpriced it? Maybe..
However, comparable sales are what they are. Actual sold properties that are comparable or similar are great indicators of value.
Rarely, if ever, do you get an "identical" or "perfect" comp. In residential real estate appraisal, you start with the sold property ("the comp") as the market value base. Then, you adjust the value of the subject property being appraised either up or down depending on its features/ qualities as compared with the comp.
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I wasn't necessarily saying that - just saying stuff that people may not realize when evaluating this domain. And I wouldn't even go into anything about real estate appraisals vs. domain appraising...real estate is more established, has more established evaluation methods, and there's typically enough sales to use for comparables in most cases that properties that are short sold or aren't really representative of the value of the property being appraised wouldn't be used. With domains, the same domain could sell for $1,000 or $100,000 depending on timing, venue, who to, etc. If people always merely relied on other domain sales to evaluate domains, I have probably a dozen or so domains in which highly similar domains sold for thousands of dollars that I can't sell for $100...it simply can't always be relied upon.