Using MLS Photos

[Meandering]

If you start making location adjustments for being next to an REO, you're going to make the CU computer smoke and pop a fuse.

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[timd354]

View attachment 28480

Here's one I did recently......note the 'Happy Holidays - Steelers' picture in the window. Had to block out St. Nick.....

The loan should have been denied due to the homeowners being stealers fans. They are obviously mentally deficient.

 

[djd09]

If you start making location adjustments for being next to an REO,

How about an adjustment for being located next to a sex offender? Do appraisers look at the sex offender location list? Probably cannot see that while taking that comp pictures.

 

[Michigan CG]

If that property sold for so "little" it does not fit the definition of market value and is not a comparable and just a sale.

How does the sales price of a property meet the definition of market value?

There are no a lot of sales in this "neighborhood".

 

[Peter LeQuire]

Price is a fact - value may not necessarily be.

 

[djd09]

the most "Probable Price". If that sale was selling for so "little" then other sales it would not fall into the probable list of sales.

 

[Pittsburgh Pete]

The loan should have been denied due to the homeowners being stealers fans. They are obviously mentally deficient.

Still bitter about those '71 and '79 World Series defeats are we?

 

[CANative]

How does the sales price of a property meet the definition of market value?

There are no a lot of sales in this "neighborhood".

View attachment 28486

Roads on / Roads off

 

[JTip]

Do generals drive by all their comparable properties? Golf courses, each 30 story mixed use tower, every restaurant? Hmmm....doubt it....

 

[Pittsburgh Pete]

Do generals drive by all their comparable properties? Golf courses, each 30 story mixed use tower, every restaurant? Hmmm....doubt it....

Generally, yes, if they are in the same market area. Depends on the market the property fits in.