In addition to leases, what two sources can be valid for market information?

Market information for appraisals often comes from a variety of sources to establish a comprehensive understanding of property values. Offers and listings are particularly notable because they reflect current market conditions.

Offers represent the willingness of buyers to pay a certain price for a property, indicating perceived value in real-time. Listings, on the other hand, showcase properties that are available on the market, providing a snapshot of asking prices and inventory levels. Together, these sources help appraisers gauge market demand and supply, thereby allowing for a more accurate assessment of property values.

The other options include tools and resources that, while valuable in many contexts, do not serve as direct indicators of current market conditions in the same way. Appraisals and audits primarily reflect assessed values or previous transactions rather than real-time market dynamics. Tax records and surveys provide historical data but may not accurately represent the current market situation. Inspections and assessments are focused on the physical condition or value of properties rather than the broader market trends. Therefore, offers and listings are the most relevant sources for understanding current market activity.