Reply: 1.1.1.1
From: Manny B
I agree with you Rambada, I think you get the true market value if ALL the bids came from the market & not pushed along with Vendor bids (who most of the time have an un-realistic reserve price set)... so when a property gets passed in at say $300,000 & the last genuine bid was at $250,000, it gives us un-realistic prices for the suburb & an un-realistic expectation for other Vendors looking at selling their home in the same location... That is my personal feeling...
Cheers,
Manny.