Appraisers Blog

FEBRUARY 16, 2024

Referring to Baggins above, each of my comp. write ups include the initial list price, the final list price, days on the market including the listings history (all relisting as well), sales price to list price ratio. As I stated in past posts, I only do narrative reports.

Comps 54

Comps Marketability 54

Appraisers Blog

FEBRUARY 16, 2024

Here is a fun appraisal reporting exercise; Detail the initial list price, then the final list price, then the actual sales price, of subject and all selected comps. Which in turn creates a domino effect, market bubbles which eventually pop. In reply to Garth. Watch the numbers drop. Then again; What’s new?

Comps 52

Comps Appraisal Marketability 52

Appraisers Blog

FEBRUARY 23, 2024

Instead follow the prosecuting attornies advice she uses as the basis for the claim which the firms representative compensation is contingent upon; develop a refinance appraisal for a multi family rental unit in depreciated condition, and use comps of renovated single family use home sales on the same block as primary market value indicators.

Comps 42

Comps Appraisal Marketability 42

Appraisers Blog

FEBRUARY 9, 2024

POST SUBMITTAL RECONSIDERATION OF VALUE (ROV) REQUESTS: Post submittal requests for market value reconsiderations should put an emphasis on closed sales (non active / pending) from within the subjects previously detailed neighborhood boundaries. This explanation should accompany the ROV request.

Appraisal 43

Appraisal Comps Marketability 43

Appraisers Blog

FEBRUARY 25, 2024

Our opinion of values are based on many market factors when we use the three methods of determining values. When it does not appraise to their expectations because the market says it does not, they are very unhappy. He also explained about subject market area. Just one of the main reasons to select the right comps.

Appraisal 55

Appraisal Comps Banking Equity 55