Key Takeaways
- Use only sold prices, never asking prices, for comp analysis.
- Always adjust for condition differences between comps and the subject property.
- Apply time adjustments in trending markets; limit comp age to 6 months in volatile conditions.
- Verify square footage independently—county records are wrong in 22% of cases.
This track contains subscriber-only lessons
Explore free tracks in this area of study, or subscribe for full access.
Browse available tracks"Appraisal Bias, Valuation Errors & Quality Assurance Controls" is a Pro track
Upgrade to access all lessons in this track and the entire curriculum.
Test Your Knowledge
1.For The Top 10 Property Valuation Mistakes, which valuation approach is typically given the most weight?
2.How should investors handle conflicting results from different valuation approaches?
3.What role does market knowledge play in property valuation accuracy?