Reconsideration of Value

[J Grant]

Why do you presume that???

That frequently is seen when someone opines a OMV below a SC price...the OMV might be at the top of their adjusted range if they consider the SC price as relevant. Since the OP never came back to comment, nobody knows, I made a presumption for example purposes ( and said it was an example)

 

[residentialguy]

That's a big presumption of yours to make...esp in light the fact that he changed his mind.

It could be that the appraiser is one that doesn't realize the market will reflect a probable range and that the subject contract should be considered.

 

[J Grant]

Who knows, he never came back to comment, wish he had!

 

[Peter LeQuire]

"Unfortunately, in most instances real estate appraisers make subjective, anecdotal, arbitrary, and unscientific “adjustments” to comparable
sales market data without objective market-based support...
Appraisers have little or no training in statistics and econometrics (regression analysis)
and thus violate two simple rules in statistics:
1. Sample size is too small
2. Variance in the real estate market is not calculated "


Substitute any or all of the following for "real estate appraisers":

"Buyers"
"Sellers"
"Realtors"

 

[Peter LeQuire]

...I was thinking of the Dorothy Kilgallen version.....

...which had something to do with gardening?

 

[Terrel L. Shields]

I believe so...