ZZGAMAZZ
Elite Member
- Joined
- Jul 23, 2007
- Professional Status
- Certified Residential Appraiser
- State
- California
SCA reads "Comparable #X sold per MLS on xx/xx/zzz for $zzz,zzz. Although it did not record, the sale price was confirmed with the listing agent who also described sales concessions of $x,zzz."
I do this when necessary either because it's a very recent sale that hasn't had time to record, or because the market is flooded with bank foreclosures to the extent that the number of open market transactions is virtually non-existent, especially when the adjusted price is compatible with the remaining comparables that have recorded.
Question: Should I state an assumption or an extraordinary assumption that MLS and the L/A are accurate? Or,does the scenario itself imply an assumption that doesn't need to be stated/invoked?
I do this when necessary either because it's a very recent sale that hasn't had time to record, or because the market is flooded with bank foreclosures to the extent that the number of open market transactions is virtually non-existent, especially when the adjusted price is compatible with the remaining comparables that have recorded.
Question: Should I state an assumption or an extraordinary assumption that MLS and the L/A are accurate? Or,does the scenario itself imply an assumption that doesn't need to be stated/invoked?