VALUE – COMPARABLE SALES
List 4 advantages and 4 disadvantages in using the following sale
sources for valuation purposes:
General or appropriate government department.
real estate section of the Saturday newspaper.
When should the valuer call for a copy of the contract of sale in lieu
of secondary sale evidence?
When should the valuer call for a copy of a lease agreement in lieu
of secondary rental evidence?
When can family sales be reliable evidence of value?
When can adjoining owner sales be reliable evidence of value?
are the notice of transfer and contract of sale legal documents?
are the main advantages of using such documents for the valuer?
has to be paid to make a contract of sale a valid court document?
to market is the acid test of a good sale for valuation purposes."
the possible problems from a valuation point of view, when a valuer
uses a "mortgagee in possession" sale.
more that I analyze sales, the more certain I am that there is no
general rule or model of value. Rather, each sale is an unique
combination of personal and individual factors determining a
consensus or agreement."
the above quotation comparing a general or "scientific"
theory of value with a more personal and individualistic view.
are making greater use of printed sale summaries supplied by either
private companies or government departments." Why?
are the advantages and disadvantages of using such commercial sale
rise in tertiary sales information has led to greater convenience for
the valuer. "
other advantages may accrue from the use of tertiary information?
are the disadvantages compared to the use of a primary source such as
a Notice of Transfer?