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Check 2 boxes Neighborhood and Housing Trend Section

Discussion in 'General Appraisal Discussion' started by Metamorphic, Nov 9, 2009.

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  1. Metamorphic

    Metamorphic Senior Member
    Gold Supporting Member

    41
    Mar 15, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Is there any reason you cant check 2 boxes in those sections? Like maybe you want to say a neighborhood is on the outskirts of a suburban area with some rural flavor, or that the market is declining but verging on stable?

    I get tired of trying to figure out which box to put the wobblers in. Why not check both.
     
  2. Michigan CG

    Michigan CG Moderator Staff Member Moderator

    167
    Nov 1, 2006
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    The solution to your problem is called narrative discussion. Hard concept for some appraisers.
     
  3. Doug DeMars

    Doug DeMars Senior Member

    1
    Mar 20, 2009
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Do you like to ask for stips?:blush:
     
  4. jay trotta

    jay trotta Elite Member

    12
    Feb 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Connecticut
    The training & scan products developed for Banks, do not read (2) checked boxes, chek one and move on. If you ever need to defend it, the software manufactuerrrr does not allow (2) boxes to be checked at the same time. A flaw in their system.

    PS- the sytems are flawed
     
  5. Eli Weiss

    Eli Weiss Senior Member

    2
    Nov 28, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    How about check all three, you'll get at least 1 right, for example, if the market just came out of the decline, and prices are slightly increasing, then you'll want to have the decline box checked off as compared to last year the prices declined, but are similar to the pricing of last quarter, which indicates stability, and some of the under contract listings indicate a increase in value....:unsure:

    But then again, the term "declining" does not represend the past nor the future, but rather the present market condition.:leeann:
     
    Last edited: Nov 9, 2009
  6. jay trotta

    jay trotta Elite Member

    12
    Feb 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Connecticut
    Eli - "But then again, the term "declining" does not represend the past nor the future, but rather the present market condition"

    can you send a copy of that to the appropriate Lending facilities..........I think they're confused
     
  7. Mike Garrett RAA

    Mike Garrett RAA Elite Member

    13
    Jan 14, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    I think we need more boxes!

    A good start would be "Stable to Declining" and "Declining to Stable"/

    Have been told checking two boxes is a "no no". One underwriter said..."it has to be one or the other", so what is it? I replied..."it is what it is!" She didn't like that either.
     
  8. Mike Boyd

    Mike Boyd Elite Member

    0
    Jan 18, 2002
    Professional Status:
    Retired Appraiser
    State:
    California
    Check either one but with an asterick rather than an X. Then explain.
     
  9. vanguard

    vanguard Member

    0
    Oct 18, 2004
    Professional Status:
    Retired Appraiser
    State:
    Minnesota
    the software manufactuerrrr does not allow (2) boxes to be checked at the same time. A flaw in their system.



    Try holding the "Ctrl" key down on the keyboard
     
  10. Denis DeSaix

    Denis DeSaix Elite Member

    149
    May 16, 2005
    Professional Status:
    Certified General Appraiser
    State:
    California
    Checking both boxes creates confusion (IMO) and the analysis is supposed to be communicated with clarity.
    My process is to choose one box and then to explain how/why I define it as such (to the degree that is necessary to make the communication clear).
     
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