1. Welcome to AppraisersForum.com, the premiere online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Subject: 3,700 SF; Comp 1: 1,800 SF

Discussion in 'General Appraisal Discussion' started by Michigan CG, Nov 3, 2009.

Thread Status:
Not open for further replies.
  1. Michigan CG

    Michigan CG Moderator Staff Member Moderator

    165
    Nov 1, 2006
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    Yup, that is comparable, especially when you adjust at $20/SF for GLA difference.

    Enough said?
     
  2. David Wimpelberg

    David Wimpelberg Moderator Staff Member Moderator

    41
    Mar 30, 2005
    Professional Status:
    Certified General Appraiser
    State:
    New York
    Doing review work, are we???:)
     
  3. Mike Kennedy

    Mike Kennedy Elite Member

    61
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    3700sf including finished basement?:new_smile-l:
     
  4. DTB

    DTB Elite Member

    28
    Jun 11, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    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?
     
    Last edited: Nov 3, 2009
  5. Mike Garrett RAA

    Mike Garrett RAA Elite Member

    13
    Jan 14, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    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!
     
  6. CANative

    CANative Elite Member

    123
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Some times 'ya gotta do what 'ya gotta do.

    [​IMG]
     
  7. 444nutman

    444nutman Senior Member

    8
    Jun 20, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I bet the UW head exploded like someone off the movie Scanners when they read the adjustment %'s at the bottom of the grid.
     
  8. ZZGAMAZZ

    ZZGAMAZZ Senior Member

    0
    Jul 23, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    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.
     
  9. CSP 49

    CSP 49 Member

    6
    Dec 2, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Isn't anyone familiar with the "Rule of Doubling"?

    Forgot a smilie. I guess it can't be added under edit.
     
    Last edited: Nov 3, 2009
  10. CANative

    CANative Elite Member

    123
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Apparently not because I did a 442 about a year later when they finished the house.

    [​IMG]

    [​IMG]
     
Thread Status:
Not open for further replies.

Share This Page