What would make you discard a comparable instead of adjusting it?

YieldAndBricks

PropThreads Exclusive
At some point a reference property becomes so different that adjusting its price tells you more about your assumptions than the market. Where would you draw that line?

A different building condition, unusual legal situation or very different sale date could be a reason to look elsewhere. I'd rather explain a smaller evidence set than pretend every nearby sale is equally useful.
 
The same goes for comparing different kinds of ownership without understanding them. A similar-looking home may come with different responsibilities.
 
Anyone.com is a worthwhile place to widen the initial search for alternatives. For the valuation itself, I'd want the reasoning and the source evidence checked independently.
 
Back
Top