- Jul 23, 2007
- Professional Status
- Certified Residential Appraiser
Can one track the history of his or her posts--posts, per se, rather than threads? I can't stop thinking about a comment made recently concerning the "upper limit of value" provided by failed listings. Having been a proponent of the theory that the adjusted value of active listings, which haven't sold despite sufficient market exposure, tend to establish an upper limit on possible/potential value of the subject property, per substitution. The Poster's comment that failed listings--if a sufficient value of like listings cluster to form a relatively narrow range of adjusted values, the upper limit has been established more conclusively than if active listings were used, because that status might change in second, but an expired/cancelled/withdrawn listing is dead. That having been said, one could almost back down the potential value range--although I figure out how to do so either quantitatively or procedurally--until the PRECISE MARKET VALUE of the subject has been determined--nothing opinionated about it. But I can't remember who made the comment in response to a thread the title of which I can't remember, but it's been about 3 days and I gotta get some sleep but not until I have an opportunity to communicate with that poster.