- Feb 23, 2002
- Professional Status
- Certified Residential Appraiser
:?: I need some feedback as to whether there is a growing trend to use older comps in today's market, particularly on high-end properties? We always had a rule of protocol, not to exceed one year on Conventional, give or take a few days. Is the one year rule still accepted by the majority as the norm or is there a trend, particularly on high end properties to extend the limits in age of the sale? Homes in the million + range are near the top of our local market and scarce at that. There seems to be some pressure to exceed these time frames in the recent slower market on high-end type appraisals. Comments-caveats please?