Webwork - 10:12 pm on Feb 27, 2006 (gmt 0)

Ogletree nails it for many appraisals, especially buyer initiated appraisals. There is a well known history of scamming surrounding that practice.

For most purposes, when it comes to hooking up a deal with "active buyers", a large part of that "buyer's market" bases their decisions on verifiable/reliable traffic stats - paying some multiple of the traffic earnings.

I'm not voting in favor of the traffic stats model of valuation, as I don't believe it represents full and fair value in many cases, but appraisals that are not based upon traffic data will get you little more than scornful replies in most domaining forums where active buyers hunt for bargains.