New comment on "Debacle III"

 
From: [email protected] [mailto:[email protected]] On Behalf Of Appraisal Group
Sent: Saturday, June 30, 2012 1:29 PM
To: Curtis D. Harris, BS, CGREA, REB
Subject: New comment on "Debacle III"

 LinkedIn GroupsGroup: Appraisal GroupDiscussion: Debacle III So 70% of the properties in a market back a train track and 30% of the properties dont back the train track. Clearly backing the train track is typical; and from what I hear here we have to use the properties that back the train track even if we dont back the train track just because there are so many of them...does not make sense to me. I like Jerry C are from the western Philadelphia suburbs and have been a Realtor for over 20 years, we are blessed to not have had the difficulties found in other areas, yet I still feel that third party sales are not good representations of typically motivated sellers. (see my previous comments regarding the myrid alternate motivations of third party sellers, it is all too often NOT ABOUT sales price.)

If a preponderance of the data in the area is third party, it - like Bryan has said - becomes a form of external obsolesence and will impact all the sales in the area. Accordingly, that influence of a lot of third party activity is not ignored as some suggest but is reflected in the non-third party, arms length sales. And all data is considered, but the most appropriate data is presented in the report.
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