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Form 1004 MC Market Conditions Form

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by FHA Steve, Feb 4, 2009.

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  1. FHA Steve

    FHA Steve Sophomore Member

    0
    Sep 29, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Please, I am being forced to use the New Form 1004 MC before the date set by the Feds.

    How do we calculate the Comparables Sales Days on Market as Opposed to the Comparable Listing Days on Market???

    Or, what is the difference between Sales Days on Market and Listing Days on Market?

    Depending on how the MLS calculated DOM, they could be the same? :fiddle:

    Please respond ASAP. TIA, Steve
     
  2. George Hatch

    George Hatch Elite Member

    48
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    California
  3. AppraizinAZ

    AppraizinAZ Junior Member

    0
    Dec 31, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    What if you don't have Excel??? I was going to post the same question!!!
     
  4. VegasWayne

    VegasWayne Senior Member

    5
    Nov 15, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Nevada
  5. VegasWayne

    VegasWayne Senior Member

    5
    Nov 15, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Nevada
    You can also download a trial version of Excel from microsoft.
     
  6. Wolverinefan

    Wolverinefan Member

    0
    Dec 7, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Michigan
    FIRE THEM....tell them there is NO requirement for this form as of right now....Dont let them control you.
     
  7. timd354

    timd354 Elite Member

    56
    Jan 11, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Maryland
    openoffice.org is awesome! I love the spreadsheet, the word processing program and the presentation programs they have and its all free and its all compatible with files generated by the similar microsoft programs.
     
  8. VegasWayne

    VegasWayne Senior Member

    5
    Nov 15, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Nevada
    The database is not up to the same standard as the other programs, my 1004MC application will not work in it. The rest of the suite is very good.
     
  9. timd354

    timd354 Elite Member

    56
    Jan 11, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Maryland
    I have not used the database program, but the other programs work great and I highly recommend them, especially since they are free.
     
  10. MichiganApp

    MichiganApp New Member

    0
    Aug 17, 2007
    Professional Status:
    Appraiser Trainee
    State:
    Michigan
    George's program works well once you figure out how your MLS provider deals with the data.
     
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