In addition to sales and leases, what other sources can be valid for market information if the appraiser exercises care?

Using offers and listings as sources of market information is valid as they reflect current market conditions and the price expectations of buyers and sellers. By examining offers, appraisers can gain insight into the price range and demand for properties within a particular area at a specific time. Listings can also provide information on how properties are being marketed and the price points that are attracting interest, which can be extremely useful in understanding market dynamics.

Utilizing offers and listings requires the appraiser to exercise care in analyzing the information, ensuring that it is recent, relevant, and reflective of the actual market conditions. This approach can enhance the appraiser's understanding of market trends and support accurate property valuations.

While online evaluations, bank assessments, and market forecasts can provide some insights, they often lack the immediacy and direct relevance to current transactions that offers and listings provide. Online evaluations may not always reflect the nuanced realities of specific properties, bank assessments might focus more on lending criteria rather than market dynamics, and market forecasts are speculative in nature.