Definition of Aberrant Transaction:

Aberrant Transaction:

BanCorp Real Estate Group will always flag a property as a possible aberrant transaction when something about the property's price or sale information seems extremely unconventional or unprobable. For example, a property that was listed for $446,000 in Ladera Ranch, California but then sold for only $446 is most likely a case of an error in the recording of the sales by the Orange County Recorder. When we detect an aberrant transaction, BanCorp Realty eliminates the listing from our property value comparisons, insuring the most accurate data possible.

 

 

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