The Market History of the Subject: Analytical Tool or Fourth Approach to Value?

摘要

In response to recent real estate fraud and abuse cases, this article proposes that a discussion be forwarded to add a fourth approach to value. This fourth approach calls for the analysis of recent prior listings and sale activity of the subject property. Although collection of market history information is not new for the appraisal profession, this discussion suggests a process of analysis rather than mere cataloging of information. This important data should be analyzed as part of the stated valuation process and given prominence beyond Its ancillary treatment In USPAP.