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  #1  
Old 09-15-2009, 02:43 PM
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Aprazr Aprazr is offline
 
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Default 1004MC-again-with a twist I've never heard of

Got a call from the UW wanting to know why the numbers on pg.2 of URAR did not match those on the 1004MC. I said: 'They do'.

No, she said: when you add up all the sales numbers across the top of the 1004MC it comes out to 29.(sales)

She was adding the numbers from the 7-12 month + 4-6 month + 3 months to get a total of 29.

There were 13 sales and 7 active listings in the past 12 months. My 1004MC grid as follows:

Sales: 7-12 mos=13; 4-6 mos.=12, 3 mos.=4

Page 2 of my URAR shows exactly the same thing......13 Sales and 7 Listings within the subjct direct sub-division in the past 12 months.

Am I missing something here? (lol)

Thoughts appreciated!
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Old 09-15-2009, 02:51 PM
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They're asking only for the sales during those periods. You're saying there were 13 total in the last 12 months. Then you say 13 happened 7-12 months ago.
  #3  
Old 09-15-2009, 02:52 PM
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Yes, you are missing something.
https://www.efanniemae.com/is/apprai...x.jsp?from=hp#
Watch the instructional video. The total sales for the year is not the same as the number of sales in a six month period (7-12 months).
  #4  
Old 09-15-2009, 02:59 PM
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Exactly. Please look at the OP again....I broke it down as meant to be.

7-12 months=13 sales; 4-6 months=12 sales, 3 months=4 sales

Is this not correct? I have already been to efanniemae.com
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Old 09-15-2009, 03:01 PM
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Yes, you are missing something!

You have to add up all of the sales 7-12 months + 4-6 months + current to 3 months to get the total number of sales for the year.
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Old 09-15-2009, 03:07 PM
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Thanks guys! I have been there several times(efannie) & guess I mis-understood what the first box meant. I thought it was the entire year and then the next box for that time period, etc.

I will change it to reflect the proper math.

Thanks again!
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  #7  
Old 09-15-2009, 03:16 PM
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The other thing wrong is that if only 7 properties were listed for sale in the past year, how could there be 13 sales. Weren't these sales listed at some point during the past year.
  #8  
Old 09-15-2009, 04:46 PM
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VegasWayne: there were 13 sales total in the past 12 months. I went to efannie again & re-watched the video.

Please pass out the handy wipes as the egg is dripping from my face to my chin. I have mis-understood this all along. My thinking was first box: total # of sales within the past 12 months, 2nd box: sales from the prior 4-6 months, etc. I did not realize that the first box was for 'that time frame' only of 7-12 months ago. I see why they were confused, now.

I re-did it and everything comes out just as they were saying it would (correction: SHOULD) I am glad to have LEARNED something today as I try to do each day.

Thanks again to all!
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Old 09-15-2009, 05:00 PM
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  #10  
Old 09-15-2009, 05:04 PM
leelansford leelansford is offline
 
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Quote:
Originally Posted by Aprazr View Post
Exactly. Please look at the OP again....I broke it down as meant to be.

7-12 months=13 sales; 4-6 months=12 sales, 3 months=4 sales

Is this not correct? I have already been to efanniemae.com


I count 29 comparable sales within the past 12-mo. period.
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