Ranking of the comparable sales in order of desirability makes a logical and persuasive argument. If you remember, in our last example from several pages ago, the adjusted sales prices of the three comparable sales were:
Sale 1: $186,000
Sale 2: $192,000
Sale 3: $195,000
If we feel that the best sale was Sale 1 and the worst was Sale 3, then we want to resolve our final estimate towards the lower end of the value range. We may settle on $186,000, or $187,000, or $188,000.
Conversely, if the two best sales seem to be Sales 2 and 3, we are drawn to the higher end of the range. Probably, we would think the support for these sales sufficient to choose a value between $192,000 and $195,000, with proper explanation.
