Appraisers Blog

JANUARY 11, 2024

I came across a fraud scheme several years ago involving a community of fourplexes, where the sellers falsely purchased a few model matches for well-above market – with fraudulent appraisals – to then use as comps for real sales. The free (real) market always wins.

Comps 75

Comps Appraisal Marketability 75

Appraisers Blog

OCTOBER 20, 2023

Spent the majority of my career appraising both residential and commercial properties in a major metropolitan market. Of course there are those that say they no longer do originations work or agency work but the reality is, in most markets it’s near impossible to make a living exclusively with private clients.

Comps 76

Comps Appraisal Marketability Banking 76

Appraisers Blog

AUGUST 4, 2023

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

Appraisal 76

Appraisal Comps Marketability 76

Appraisers Blog

OCTOBER 6, 2023

I saw where somebody above commented that they had a complaint also and that FNMA was not accepting the comps they had used and wanted other comps that the appraiser considered to be not comps. I also see that somebody replied to his post that there had to be more to the story as that didn’t make sense.

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

JANUARY 26, 2024

Talk honestly to people about how much your fee was, how you researched the market, and what you thought of the home. This does not comp out. Honesty is the best policy. If you research the property and it’s not working, tell the lender that directly.

Comps 75

Comps Appraisal Marketability 75

Appraisers Blog

JANUARY 2, 2024

Or alternatively that if there are scarce ‘good comps’, the adjustment scales may need to expand. Then you’ve got mismatching benchmarks to value when market participators, although theoretically applying the definition of ‘fair market value’, are not actually fully equal in the real world.

Fair Market Value 97

Fair Market Value Comps Appraisal Marketability 97

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 76

Comps Appraisal Banking Marketability 76

Appraisers Blog

JUNE 12, 2023

The market flows and ebbs on many basis’s: Financial wherein the lender need to secure monies in R.E., Can’t the appraiser recognize that using two-year-old sales comp’s have meaning and be part of the value conclusion? In reply to Baggins. You get it! Did it close in 45 days or in ten months?

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

JANUARY 29, 2024

She was upset about the appraisal comps used and value conclusion ($2.1 Interesting, though, the report certainly presented a lot of “appraisal fluff” fancy maps, market graphs, boiler plated statements, that probably looked impressive to non-appraisers. She wanted my personal opinion of the appraisal report.

Comps 75

Comps Appraisal Marketability 75

Appraisers Blog

JUNE 14, 2023

Read the definition of fair market value. ONLY adjust for what you believe (because you are market informed) is BUYER behavior. And an adjustment calculator – I wish. DO NOT think all decisions are so rational that differences will necessarily make a difference in buyers behavior.

Fair Market Value 76

Fair Market Value Comps Marketability 76

Appraisers Blog

JUNE 14, 2023

Whatever happened to match pairing or market reaction? Every line item adjustment (no matter what it is) should be in terms of differences in VALUE recognized by the market you are appraising in NOT COST! MR. APPRAISER YOU ARE NOT THAT GOOD; YOU ARE NOT BETTER THAN THE MARKET! Dave, I could not agree with you more.

Comps 76

Comps Appraisal Marketability 76

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 98

Comps Marketability 98

Appraisers Blog

MAY 30, 2023

You’ve done the research, narrowed down the search results, selected appropriate comps. 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 76

Comps Marketability 76

Appraisers Blog

JANUARY 30, 2024

I understand what you are saying about the Govt should not be able to restrict discussion about fees, but fees are completely dependent on market. Add the lack of homogeneity and it takes me at least half as long on the simplest of appraisals to complete an assignment as it would for someone just a short distance from me.

Comps 75

Comps Appraisal Marketability 75

John Jenkins

DECEMBER 1, 2023

Cooley recently blogged about some of the challenges associated with navigating M&A executive comp issues in a volatile market. The first topic covered by the blog was how to deal with outstanding target equity awards.

Equity 40

Equity Comps Marketability 40

Benzinga

NOVEMBER 13, 2022

14, 2022 (GLOBE NEWSWIRE) -- The global fiberglass market size was valued at USD 15.97 The market is projected to grow from USD 16.72 This information is presented by Fortune Business Insights , in its report titled, " Fiberglass Market, 2022-2029.". Increase in Demand from the Biomedical Industry will Boost Market Expansion.

Marketability 40

Marketability Comps 40

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 93

Comps Appraisal Marketability 93

Appraisers Blog

MARCH 7, 2022

The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market. For an appraiser to arbitrarily go into another area to get "comps" merely…. On January 4, 2021, the…. Our Job Is to Observe & Report Our job is to observe and report.

Comps 111

Comps Appraisal Marketability 111

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.

Comps 98

Comps Appraisal Marketability 98

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. Visit Benzinga's Analysts Stock Ratings page for market-moving sell-side action. “The iPhone is stronger than an acre of garlic,” Munster said. Guidance Not An Area Of Concern: Apple’s guidance.

Comps 97

Comps Marketability 97

Brian DeChesare

OCTOBER 18, 2023

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking? Do you learn anything?

Banking 59

Banking Marketability Start-ups Equity 59

Benzinga

SEPTEMBER 25, 2023

It will operate under Amynta Work Comp Solutions. I am excited for their future opportunities at Amynta Work Comp Solutions." "The The business brings a well-established team and business profile dedicated to retail agents and wholesalers, delivering strong solutions to the market.

Comps 40

Comps Marketability 40

Appraisers Blog

JANUARY 11, 2024

Agents would buy horrible properties cheaply, do the cheapest Home Depot cosmetic job then offer it over market value from their holding company. I explained it to the people in detail showing them comps from a year ago and today. I was yelling from mountain tops about Latinos ripping off other Latinos. It was so sad.

Comps 75

Comps Appraisal Marketability 75

Appraisers Blog

JULY 27, 2023

Also each comp. Giving into the power grabber’s NEWSPEAK practices is destructive to our profession, market participants and our country. I only do narrative – non-lender reports – each stating which school district a property is in. write-up states its school district. School districts affect value.

Appraisal 98

Appraisal Comps Marketability 98

Business Wire M&A

FEBRUARY 2, 2023

The combined company offers the most comprehensive tech transfer and IP management solutions on the market, servicing over 900 comp

Private Equity Firm 40

Private Equity Firm Comps Technology Equity 40

Appraisers Blog

JUNE 14, 2023

If the home is large a reasonable appraiser would absolutely use a threshold figure, I seldom adjust for GLA if the comp is withing 5% of the subject, I’ve also sold a fair amount of homes, and I’ve never had a buyer bring a tape measure to a showing, they just don’t care that much about this element of comparison.

Comps 76

Comps Appraisal Marketability 76

Appraisers Blog

JUNE 12, 2023

The avm picked this up from county records, still uses it as a valid market indicator in it’s twenty home comps set to this day. My neighbors home transferred a year ago off mls not arms length, via date of death probate, reflective of two+ years ago values. This skewed many local neighbors indicators downward.

Comps 75

Comps Appraisal Marketability 75

M&A Leadership Council

JULY 13, 2023

Consider the following questions in any transaction comps that you might consider including in your M&A universe: What was the state of the financial markets at the time of the deal? Was the stock market particularly strong or weak? How competitive was the M&A market for businesses like this at the time of the deal?

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comps Mergers & Acquisitions Banking 52

M&A Leadership Council

JULY 13, 2023

Consider the following questions in any transaction comps that you might consider including in your M&A universe: What was the state of the financial markets at the time of the deal? Was the stock market particularly strong or weak? How competitive was the M&A market for businesses like this at the time of the deal?

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comps Mergers & Acquisitions Banking 52

GCF Value

SEPTEMBER 28, 2022

and the small business acquisition market has changed significantly. For instance, when we search PeerComps for ALL franchises sold in 2019 (pre-COVID) vs 2021 (post-COVID), the multiple of SDE were as follows: 2019 = 2.89x (138 comps). 2020 = 2.94 (64 comps). 2021 = 3.01 (8 comps). One year later.

Comps 52

Comps Dividends Appraisal Marketability 52

Appraisers Blog

JUNE 27, 2023

It may be acceptable to comp 20 years apart, if the homes have similar effective age. Then it’s important to consider the high and low market value and price ranges. One gains perspective if ‘they’ve paid too much’ or paid a higher price than the market value would indicate, based on this spectrum of analysis.

Appraisal 76

Appraisal Comps Marketability 76

Appraisers Blog

OCTOBER 23, 2023

The appraisal gap cash promise clause is not just a tool to win the contractual pole position, but rather the expression of a buyers willingness to drive the entire market benchmarks upward. I’ll comp anything aggressively if I’m able and the home is deserving, but that does not always get people there.

Appraisal 76

Appraisal Comps Marketability 76

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

The Mentor Group

DECEMBER 1, 2023

Market Demand: The market demand for products or services associated with the IP can impact its value. Industry and Market Trends: The current and future trends in the industry and market are relevant to the IP value. For example, the scope and duration of patent protection can affect its value.

Intangible Assets 52

Intangible Assets Comps Technology Marketability 52

Benzinga

APRIL 23, 2022

I would think about what you could sell the company for without their help and ensure that most of their comp is achieved above that threshold. #2 Here are the phases of the process: Material Preparation: The bankers will want to create marketing collateral, a model and a data room. 2 Prepare For A Time Intensive Process.

Comps 98

Comps Banking Marketability 98

BV Specialists

APRIL 11, 2022

This approach will likely be the only one utilized given the lack of income and external market comps considered under more normal business valuation circumstances. Other factors will be taken into consideration that pertain to the closure status which will hopefully soften the final blows that come with this process.

Appraisal 88

Appraisal Comps Business Valuation Marketability 88

Value Scope

JANUARY 13, 2021

What is the market “at the well” valuation? What does it mean to make oil or natural gas “marketable”? It is true that oil and gas production involves complexities that other businesses do not have, and the gathering, processing, transportation, and marketing processes and costs can be opaque. What are the gross profits?

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130