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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.

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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.

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Choosing the Right Appraisal Professionals for Accurate Property Valuation

Prime Appraisals

When it comes to real estate, the accuracy of property valuation is paramount. That's where appraisal professionals step in. Selecting the right appraisal professionals can make a world of difference in your real estate transactions, ensuring that you get a fair deal, whether you're buying, selling, or refinancing a property.

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Choosing an Appraiser—Essential Questions to Ask: Part I

Art Advisor's Blog

Working to USPAP standards of professional conduct should be a minimum requirement for hiring an appraiser. The standards include the need for the appraiser to have no financial interest in the outcome of the valuation. An appraiser must be independent and must certify that they were not paid for any specified result.