ST Alpha - "Probably not. Some appraisers just stamp it and move on. Get three of them there and you will have 3 different values. -- nm" (Reading a Post)

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In response to "Won't that just keep happening to her? -- nm" by David

Probably not. Some appraisers just stamp it and move on. Get three of them there and you will have 3 different values. -- nm

Posted by James Bond (aka Igor) (aka Igor) Aug 3 '09, 11:31

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Responses:

It's also common for people to decide what their house is worth regardless of contrary info and be unwilling to take any less. -- nm - Cuzzin Todd Aug 3, 11:35 3
- Yes, but arguably whatever the price an independent third party in an arms length transaction is willing to pay is its market value. -- nm - pmb Aug 3, 11:39 1
  - Right, which is why they only use sold comps, not listing comps. - Subversive Aug 3, 11:42
- Definitely. Of note is that she paid $420k for it at the peak of the boom here in Alberta. - Subversive Aug 3, 11:38
Not if they know what they are doing. I see it over and over. - Spawn Aug 3, 11:33 1
- Yep, and the comps all say that this appraiser was right in the ballpark. - Subversive Aug 3, 11:39

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