Key Takeaways
- A successful ROV requires superior comps and identification of specific errors in the original appraisal.
- Focus on location, recency, and adjustment magnitude when arguing comp superiority.
- Verify all comp data against county records to identify undisclosed concessions or errors.
- Present the ROV professionally with data and documentation, not emotional arguments.
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Test Your Knowledge
1.In Case Study: Challenging an Appraisal with Better Comps, what determines the reliability of a comparable sale?
2.What is the maximum recommended net adjustment for a single comparable sale?
3.How should the final value be determined from multiple adjusted comparable sales?