Editor’s Note: In this installment of his column, Valuation Issues and Answers, John Lifflander, ASA, explains how to handle foreclosures and short sales when choosing comparables.
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By John Lifflander, ASA
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Question: Please explain the difference between an actual foreclosure sale and a short sale. Should short sales be used as comparables? – M.S.
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Answer: A true [...]
Entries from February 2009
Valuation Issues & Answers - Foreclosures & Short Sales as Comps
February 17th, 2009 · 6 Comments
Tags: WRE Online Newsletters
Analyzing the Market: Thinking Outside the Check Box
February 3rd, 2009 · 10 Comments
by Bryan S. Reynolds, AQB Certified USPAP Instructor
Appraisers have had blinders on for way too long. It is time to open our eyes wide, keep our minds open and think outside the “check†box. When we do, we will see that the answer lies in distinguishing between the quantitative method, familiar to most appraisers, and [...]
Tags: WRE Online Newsletters