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  #1  
Old 01-27-2009, 06:56 AM
John Marshall's Avatar
John Marshall John Marshall is offline
 
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Location: Atlanta area (Woodstock)
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Default Adjustments via 1004MC

Now that they want data in 3 month intervales, does that affect the way you apply adjustments? For instance, if you discover sales from September to December dropped 10% on an annual basis and June to September 5% on an annual basis, then do you apply the same percentages to your sales? - ie, use a sale that occurred on June 1 and the date of your appraisal is December 31, do you adjust at 10% from June to September then 5% from September to December? Or do you combine the 5 & 10 and adjust at 7.5% for the total 6 months?
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Old 01-27-2009, 08:07 AM
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CANative CANative is offline
 
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IMO, median is not a very good benchmark unless the subject is representative of "median" type properties. Even then...

Why don't just make a new % by adjust for the difference in median between June and your effective date?

Month, median, % per year or per month? Gakkk

gb
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Old 01-27-2009, 08:50 AM
Randolph Kinney Randolph Kinney is offline
 
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I believe many will search for the application of the data found on the 1004 MC form but few will find that data in that format presented that way to be of any benefit.

Why not just do a scatter plot of the raw prices over the 12 month period with a linear regression line fit? Oh, and don't forget to examine R^2 to see how well the data correlates.
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