Provenance Matters
- James W.
- 3 days ago
- 1 min read
LinkedIn Post 06: Provenance Matters
In art, provenance is everything. A painting's value depends on whether you can prove its authenticity and ownership history. Without provenance, even a masterpiece is suspect.
Property valuation should be the same. A comparable's credibility depends on its provenance—documented evidence of its origin and reliability.
Market comparables have provenance: MLS record, county documentation, closing statement. Synthetic comparables don't: they're algorithm output with no market documentation.
This doesn't mean synthetic comparables are invalid. But it means they need different provenance documentation: data source records, algorithm specifications, validation results.
Create provenance records for synthetic comparables. Your audit will depend on it.
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