Appraisers Blog

APRIL 26, 2024

Comps oftentimes are 20 miles +. I cannot create a market which doesn’t exist. It is what it is or reconsider doing business in this market. Guidelines ask for best comparable for an area. That’s where the sales are located. I use the data present and make logical inferences and data to support. Same with the %.

Comps 98

Comps Marketability 98

Appraisers Blog

APRIL 13, 2024

An appraisal is an opinion (among other things) of … Scope of Work The contract The neighborhood The site, including H & BU The improvements (condition, deficiencies, adverse conditions and conformity) The selection and adjustment of comparable sales The analysis of prior subject and comp sales Market Value indicated by the Sales Comparison (..)

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

APRIL 1, 2024

Great for corporations and hedge funds whom scoop up real property holdings by the millions, hold them in perpetuity as REITS, with a vested interest in propping up artificially high market and subsequent rental market figures. Not so good for the American citizen. AI is nothing short of mass appraisal, less reliable than micro.

Appraisal 98

Appraisal Comps Marketability Technology 98

Appraisers Blog

APRIL 18, 2024

This is going to be the market for sometime, of which I do agree with you. Do work that other appraiser’s are not willing to do because they want to cherry pick work that are located in a single county that they live in and don’t have to drive more then 20 minutes for the subject and comps. Expand and find new clients.

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

APRIL 23, 2024

The comment was written after an underwriter expressed concern regarding a comp that was outside the neighborhood (by way of its census tract) and that no neighborhood adjustment adjustment was applied. With permission from the original author, please feel free to use the below comment as is or edit to your liking.

Comps 98

Comps Appraisal Marketability 98