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The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight

Concept Appraisals

Are older stales still relevant in residential appraisal reports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. In this case, the appraiser may use older comparable sales as long as they explain why they are being used.

article thumbnail

The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight

Concept Appraisals

Are older stales still relevant in residential appraisal reports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. In this case, the appraiser may use older comparable sales as long as they explain why they are being used.