Discussion in 'General Appraisal Discussion' started by Michigan CG, Nov 3, 2009.
Yup, that is comparable, especially when you adjust at $20/SF for GLA difference.
Doing review work, are we???
3700sf including finished basement?:new_smile-l:
3,700 comparable to 1,800? Sometimes. If there is limited available listings available for purchase in a tightly defined market, it may be very comparable. Particularly if there is room to expand the house.
$20/ft, not likely to be reality.
Were you able to find better comparables?
It is what it is...you can't make chicken soup out of chicken poop. Location, location, location. Need I say more?
$20 a square foot? Not in my market!
Some times 'ya gotta do what 'ya gotta do.
I bet the UW head exploded like someone off the movie Scanners when they read the adjustment %'s at the bottom of the grid.
Large differences in GLA might be appropriate if the value of the improvements is insignificant relative to the market reaction to the property location, lot size, view, etc.
Isn't anyone familiar with the "Rule of Doubling"?
Forgot a smilie. I guess it can't be added under edit.
Apparently not because I did a 442 about a year later when they finished the house.