List to sales price ratio adjustment

[dennis stallings]

Lender (AMC) has requested a list to sales price ratio adjustment
Any ideas on how and where to do this. I made a time adjustment for declining values.
Thank You
Dennis

 

[Webbed Feet]

Lender (AMC) has requested a list to sales price ratio adjustment
Any ideas on how and where to do this. I made a time adjustment for declining values.
Thank You
Dennis

Welcome to the forum! If you research the forum's "Search" function, you may search copious numbers of prior threads on this topic and find many useful answers..

Have a great weekend.

 

[Metamorphic]

I think some civil hacker jacked Webbed's account.

I'll occasionally do SP/LP adjustments. I know it one of those things you can argue endlessly about the validity of. But when you're talking about a listing in a first place, it seems misplaced to get all technical. Kind of like arguing about whether Santa flies the sleigh from the right seat or the left.

 

[Captain Common Sense]

I think some civil hacker jacked Webbed's account.

I'll occasionally do SP/LP adjustments. I know it one of those things you can argue endlessly about the validity of. But when you're talking about a listing in a first place, it seems misplaced to get all technical. Kind of like arguing about whether Santa flies the sleigh from the right seat or the left.

My first thought when I read Web's post was, "I wonder what's wrong with him today?" Then I caught the part where he said, "Have a nice weekend", in other words, "you have been sent on a mission of never ending confusion, let the force be with you."

I don't think that I could agree more on you post though....well put.

 

[PropertyEconomics]

Im curious how anyone can be a certified appraiser and not understand list to sales price ratios ....

There I will take Webbeds place ... unfreaking believable.

 

[AnonApprsr]

OP, they are talking about the listings you used. If you didn't use on market listings in the appraisal than you simply tell them that.

Let's say Listing #1 is listed at $100,000. Through MLS research you find that the SP/LP ratio is 97%. You would then make an ajustment of -3000 to that listing.

Personally, I will not adjust listings if I'm not forced to. And if the client absolutely won't back down from it than I include some pretty harsh language regarding that adjusted listings mean no more than unadjusted listings.

 

[Hamlet]

Im curious how anyone can be a certified appraiser and not understand list to sales price ratios ....

There I will take Webbeds place ... unfreaking believable.

It's so cute how you and WF are playing good cop/bad cop. It's almost like a Law and Order episode.

The OP hasn't been back to comment regarding their request for urgent help. I wonder if they are off searching resources like a respectable law abiding appraiser would, or are they lurking and waiting for that quick fix answer?

Common, OP, now is you chance to show your mettle... Don't come on here with your very first post and then disappear. Tough love is a good thing.:icon_mrgreen:

Welcome to the forum.

 

[BRCJR]

Im curious how anyone can be a certified appraiser and not understand list to sales price ratios ....

There I will take Webbeds place ... unfreaking believable.

And because I have promised, to myself, to refrain from negative comments I will only state, I agree with the above.

 

[Tom Woolford]

Welcome to the forum! If you research the forum's "Search" function, you may search copious numbers of prior threads on this topic and find many useful answers..

Have a great weekend.

New meds ....?

 

[residentialguy]

Dennis,

You do a 1004MC, right? Does that last line in the grid ring a bell?