Getting Comparable Data Getting Harder and Harder
The ability to verify data is becoming harder and harder. As appraisers, we must verify sale, capitalization rates and comparable rentals with one of the market participants. This is becoming harder every day for many reasons: Since many transactions are represented by Realtors, we rely upon them for data. Many who were in the business have now left. This puts their sales/rental file in limbo. When we call into a company, they now have a skeleton staff who are so stretched a stressed they
Original post by Hendersonville North Carolina Homes