How To Think Like A Valuer

Use recent comparables – If you’re using sales from a year ago when the market was booming, you are relying on false evidence. Now that the valuer has thought about each of the comparables components in relation to the subject, they can answer the overriding question – would the market, in general, believe the subject is inferior, similar or superior to the comparable as a whole. If the comparable sold for say $300,000 and the analysis suggests it is inferior, then the subject is most likely worth more than $300,000.