Appraisers Blog

JUNE 16, 2023

Imagine actually performing detailed buyer motivation research for every single comp selected. So you follow this silly theory about buyer behavior and adjust down to the individual sq ft for one comp, but then round out your adjustments for the next comp. As I mentioned below, don’t get too caught up in theory.

Comps 45

Comps Appraisal 45

Appraisers Blog

MAY 23, 2023

I always use a range of values in my comp search,ie,if a home is contracted for $300,000, common sense dictates that the home is worth more than 200K and less than 400K, I always include the following statement; “In the search for suitable, similar sold comps the contracted sales price is NEVER a comp search criteria or parameter” 1

Comps 45

Comps Appraisal 45

Appraisers Blog

JUNE 24, 2023

1) the comps were issued by selling agent, 2) appraiser used comps that were approx. Also, ignored a comp that was 4 houses down from ours that sold with in 90 days prior to ours. We live in a small town where every one knows everyone, We were located in WA Stated and purchased from Cross Country here in NC.

Appraisal 44

Appraisal Comps 44

Appraisers Blog

JUNE 15, 2023

I don’t know, maybe it’s just perception of language, it’s not necessarily bad to say sampling, I suppose I put so much effort into comps selection they seem more like bonafied examples of similar to subject market evidence, rather than a sample. A lot of times I’ll roll to the field with 8-12 possible comps.

Comps 44

Comps Marketability 44

Appraisers Blog

AUGUST 8, 2023

Go to that white neighborhood down the street and use those comps to provide value. Now I cannot see Fannie, Freddie, HUD going along with this idea, but that one Appraiser in MARIN county was sued for doing just what we should…used comps inside the same development as the Subject. Calling it Reparation values.

Appraisal 41

Appraisal Comps 41

Appraisers Blog

JUNE 19, 2023

A number of years ago a friend, was driving on a Saturday viewing some comps for an avigation easement and expansion of LAX, He noted new owner, recent buyer mowing his lawn, and also noted that this buyer paid a seemingly high price. In reply to Michael Ford. My collegiate approached the new owner asking about the price paid!

Comps 59

Comps 59

Appraisers Blog

AUGUST 4, 2023

Mary Cummings, look at subject…look at comps in THE neighborhood/same location.simple stuff. In reply to Mary Cummins. 35 years analyzing r/estate.

Comps 45

Comps Appraisal 45

Appraisers Blog

AUGUST 14, 2023

That’s why the comps were always supposed to be within 1 mile or if not available, sales in a comparable neighborhood were to be used. I have been appraising for 50+ years and have always maintained , it’s the neighborhood, not the residents that indicate the values based on sales.

Comps 41

Comps Appraisal 41

Appraisers Blog

MAY 4, 2023

Exactly my thought on the comps. Our “practice” is to select comps in same or comparable neighborhoods so if that means these areas selling lower than in other areas we are applying a disparate PRACTICE. In reply to Eric Kretz. This is going to be a field day for lawsuits.

Comps 42

Comps 42

Appraisers Blog

AUGUST 21, 2023

FHFA has no proof of racial bias by appraisers, relying instead on Census Tract data irrelevant to selecting comps.

Comps 41

Comps Appraisal 41

Appraisers Blog

AUGUST 16, 2023

FHFA has no proof of racial bias by appraisers, relying instead on Census Tract data irrelevant to selecting comps.

Comps 41

Comps Appraisal 41

Appraisers Blog

AUGUST 15, 2023

FHFA has no proof of racial bias by appraisers, relying instead on Census Tract data irrelevant to selecting comps.

Comps 41

Comps Appraisal 41

Appraisers Blog

JUNE 15, 2023

Good luck with the demented “current world order” Just finished some self storage work and included 25 rent comps in the report based on a survey I conducted. It lowers the opposing attorney’s ability of bringing up the issue of overlooked comps. Too many I guess, right David.

Comps 45

Comps Appraisal Banking Marketability 45

Law 360 M&A

NOVEMBER 7, 2022

As Elon Musk heads to trial in Delaware Chancery Court to fight claims that he ripped off Tesla shareholders when he was awarded a jaw-dropping $56 billion equity compensation package, the chancery has a rare opportunity to weigh in on the rights of shareholders to contest executive compensation.

Comps 75

Comps Equity 75

Appraisers Blog

AUGUST 4, 2023

I saw the most important parts of the first appraisal and ran comps. Definitely not an appraiser or real estate expert. No one has seen the second appraisal. No one can make that statement. The first appraisal looks like market value to me. ” 2

Appraisal 45

Appraisal Comps Marketability 45

Appraisers Blog

JUNE 12, 2023

Can’t the appraiser recognize that using two-year-old sales comp’s have meaning and be part of the value conclusion? When these two figures are sorted, they represent stuff, which can be interpreted and verified as meaningful or not. Did it close in 45 days or in ten months?

Appraisal 54

Appraisal Comps Marketability 54

Appraisers Blog

JUNE 12, 2023

I wouldn’t take comp photos and make a trip to the county records office for $300. In reply to Spencer Paul. Ralphy is busy making $300 per appraisal and thinks he’s getting rich. He should be earning $700 to $1,200 per appraisal.

Appraisal 44

Appraisal Comps 44

Business Wire M&A

MAY 2, 2023

BUSINESS WIRE)-- #acquisition--Two medical bill review companies serving workers' comp and other P&C lines join forces as accuro Solutions acquires Splashlight Solutions. LAKEWOOD RANCH, Fla.--(BUSINESS

Comps 98

Comps 98

Appraisers Blog

JULY 2, 2023

“But, before you send such, consult an appraisal textbook to see if making GLA adjustments between the subject and comps using the threshold process is recommended.” Had I used a comp that was 1370sf would I adjust it? If they don’t see this they probably should not be trying to understand the report.

Appraisal 58

Appraisal Comps 58

Appraisers Blog

MAY 24, 2023

The previous model of comp searching with appraisers seemed to make more sense. There is nothing wrong with the appraiser knowing the terms of the deal, in fact, rescind these rules and just go back to comp searching again. There is a difference between knowing the number and being pressured to hit the number.

Appraisal 44

Appraisal Comps 44

Appraisers Blog

AUGUST 8, 2023

Appropriate to land at or near the sale price if competent comps selection and fair transparent adjustments can lead to that end point of independent conclusion. On the same day, oh, now the appraiser is just a number hitter and playing ball for the lender. Really quite simple though. An affirmation of other participatory persons competency.

Appraisal 60

Appraisal Comps Marketability 60

Appraisers Blog

JUNE 15, 2023

You manually picked comps, let say the average workfile might have a total of 8-10 sales, of which you rank and file the most similar to the 5-7 that you place in the report. In reply to Baggins. I agree fully with you on this post. That being said, I still don’t understand your point the phrase sample pool.

Comps 45

Comps 45

Appraisers Blog

JUNE 14, 2023

M dollar property where the GLA adjustment on one of the comps was + $12 and (same comp) for having a pool was – $138; these aren’t adjustment factors but the TOTAL adjustment. less than the one next door, so I am going to offer $80 less” I did a review of a $3.8

Appraisal 45

Appraisal Comps Marketability 45

Appraisers Blog

APRIL 18, 2022

…a brilliant ‘work around’ to solve the subject & comps adjustment issues, which Fannie Mae thinks is no big deal… Appraisers, I was chatting with an appraiser buddy last week about the ANSI measuring dilemma we all face when doing Conventional lending reports, which ultimately will wind up with Fannie Mae.

Appraisal 56

Appraisal Comps Marketability 56

Business Wire M&A

MAY 11, 2023

Crosspoint”), (the “Arrangement Agreement”) whereby Crosspoint has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of the Comp

Enterprise Value 75

Enterprise Value Comps 75

Appraisers Blog

JUNE 14, 2023

And to be very honest with you, if your comps are good and bracket the subject value – I don’t care if you adjust anything as long as your willing to narratively explain the difference thereby narrowing the spread. ONLY adjust for what you believe (because you are market informed) is BUYER behavior.

Fair Market Value 44

Fair Market Value Comps Marketability 44

Appraisers Blog

JUNE 12, 2023

They control the fees, turn times, bidding process, comp selection, adjustments, scope and most other appraisal methods. I gave up doing AMC work 20 years ago, when it became very apparent that lenders and lender interest groups were moving toward controlling the entire appraisal process for mortgage lending.

Appraisal 44

Appraisal Comps 44

Appraisers Blog

AUGUST 1, 2023

So, for my next several appraisal, I left the square feet blank on the comps stating that nationally the figures were wrong and the buyers did not know the square footage of the house and therefore it had no bearing on the value. I was told by the lenders, we do not care, put a number in anyway.

Appraisal 56

Appraisal Comps 56

Appraisers Blog

JULY 27, 2023

Also each comp. In reply to Don Donk on Facebook. Great comments Mr. Donk. I only do narrative – non-lender reports – each stating which school district a property is in. write-up states its school district. And yes, property taxes can vary widely by school district in our region. School districts affect value.

Appraisal 53

Appraisal Comps Marketability 53

Appraisers Blog

JUNE 26, 2023

One can’t just use that method selecting random comps, but if you’ve done the research and have your finger on the pulse of the market, those limited comps selections tell an appraiser all they need to know about what is reasonably accurate adjustment, and what is not.

Appraisal 58

Appraisal Comps Marketability 58

Appraisers Blog

MAY 30, 2023

You’ve done the research, narrowed down the search results, selected appropriate comps. In reply to Dave. That’s your market, a micro view of it at least. If your adjusted values are in alignment after such reasonable adjustment applications, then you’ve achieved market reaction level adjustments.

Comps 45

Comps Marketability 45

Harvard Corporate Governance

MAY 24, 2022

Over the generations, the SEC has “stepped in when there’s significant need for the disclosure of information relevant to investors’ decisions.”

Comps 218

Comps 218

Appraisers Blog

MAY 15, 2023

Simply comp search everything, and refuse to accept assignments if terms of the arrangement are either too close or simply not working. When enough appraisers get wise, nobody will dare to accept orders without comp searching them ahead of time. After all, not much has changed. ’ Something like that.

Appraisal 42

Appraisal Comps Marketability 42

Appraisers Blog

FEBRUARY 27, 2023

For an appraiser to arbitrarily go into another area to get "comps" merely… The post Look in the Mirror appeared on Appraisers Blogs.

Appraisal 55

Appraisal Comps Equity 55

Business Wire M&A

JANUARY 30, 2023

We already see considerable demand for differentiated credit products from comp The deal is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions. We’re thrilled to welcome the Power team and product to Marqeta.

Finance 65

Finance Comps 65

Appraisers Blog

JUNE 12, 2023

Considering this discovery took a better part of a day to put together, to those of you who are coached to put together comps in under 60 seconds (if you want a raise), I also wish you luck. Relating to the issue I discovered, good luck to all parties involved and I hope your insurance is paid in full.

Appraisal 42

Appraisal Comps Technology 42

Benzinga

JULY 29, 2022

The 3% iPhone revenue growth is more impressive than its sounds, given it has come against a tougher 50% comps, he said. Apple is “defying gravity and powering through the early stages of the macro downturn,” Loup Fund’s Gene Munster said, commenting on the quarterly results.

Comps 97

Comps Marketability 97