One of the primary pillars of all good appraisals are strong sale comparables. This is why we exercise thoroughness in attempting to confirm all the sale comparables (comps) we use in our analyses. It is easy to use only the online information available (such as from CoStar or Xceligent) or the data recorded on the county’s Sales Validation Questionnaire, but our firm makes a point of speaking directly with those involved in transactions to obtain the story behind the sale. This is integral to the report because the information available online is not always accurate. Speaking with a person involved in a sale (a broker, buyer, or seller) allows us to not only confirm details, but to learn the context of the transaction and the property history. These factors help determine a final value. What many may not know is there are occasional instances of online information and county questionnaires being inaccurate. In fact, we have run into this when confirming sales. In one example, our appraiser found that the questionnaire obtained from the county inaccurately reported the sales price by nearly $20,000. With large amounts of money in the balance, we need to be as accurate as possible. When choosing a valuation firm make sure to utilize one that properly completes the sales confirmation process. Valbridge Property Advisors' dedication to accurate valuation means that we go the extra mile when it comes to the details, such as proper sale confirmations, necessary to ensure an accurate valuation.
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