"Predominant 1-Unit Housing Value"

[Dublin ohio]

So . . . did we all agree upon the following market factors?

1. Page 1 Neighborhood Characteristics. ALL PROPERTIES
2. Page 1 One-Unit Housing Trends. ALL PROPERTIES
3. Page 1 One-Unit Housing. COMPETING PROPERTIES
4. Page 2 Top-of-Page Comparable data. COMPETING PROPERTIES
5. 1004MC. COMPETING PROPERTIES

I do believe that 2 and 3 should be flipped

 

[alebrewer]

I do believe that 2 and 3 should be flipped

Correct. Sorry about that, ZZG.

 

[ZZGAMAZZ]

Correct. Sorry about that, ZZG.

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Wondering how intended users could ever be sufficiently familiar with the protocol for it to be meaningful.

 

[George Hatch]

Right now the form and instructions make this more complicated than it has to be.
Pg1 - Assignment particulars + SOW disclosures + Subject sales history, Salient Conclusions (that last will be for readers who don't want to read the report)
Pg2 - Neighborhood, Site, Improvements + HBU Summary
pg3 - Market Segment summary + Sales Comparables
Pg4 - Sales Comparables + comments
Pg 5 - Cost+Income + Reconciliation
Pg6+7+8, Assumptions + limiting conditions+cert.

Addenda

It's the same number of pages but for most assignments it will read from front to back in a logical order. Quicker and easier for the readers to follow.

 

[Fernando]

I use the 1004MC to get a large enough sample to analyze a trend.


I seem to recall that the number "30" is critical if one is to employ the term "statistical." Might be a pedantic factor but I sure would advise opposing counsel to call you on that if we met in court (or at the pub, in fact).

I believe 10 is a minimum number to get a good representation of the larger sample. More is better of course but 10 should be sufficient.

 

[Fernando]

So . . . did we all agree upon the following market factors?

1. Page 1 Neighborhood Characteristics. ALL PROPERTIES
2. Page 1 One-Unit Housing Trends. ALL PROPERTIES
3. Page 1 One-Unit Housing. COMPETING PROPERTIES
4. Page 2 Top-of-Page Comparable data. COMPETING PROPERTIES
5. 1004MC. COMPETING PROPERTIES

No, everything on page 1 should be all properties. I like to know the range for all homes in neighborhood. What if subject is an outlier?

 

[ZZGAMAZZ]

Right now the form and instructions make this more complicated than it has to be.
Pg1 - Assignment particulars + SOW disclosures + Subject sales history, Salient Conclusions (that last will be for readers who don't want to read the report)
Pg2 - Neighborhood, Site, Improvements + HBU Summary
pg3 - Market Segment summary + Sales Comparables
Pg4 - Sales Comparables + comments
Pg 5 - Cost+Income + Reconciliation
Pg6+7+8, Assumptions + limiting conditions+cert.

Addenda

It's the same number of pages but for most assignments it will read from front to back in a logical order. Quicker and easier for the readers to follow.

------------------
Makes sense. Possibly/hopefully will be reflected in the revised standardized forms that result from the current Initiative. Unfortunately all of my assignments that arrive via the AMC intermediary indicate which form is required; and although the choice of a form/format might be with the appraiser's Scope of Work decision, I don't think that the results would be UAD compatible.

 

[ZZGAMAZZ]

No, everything on page 1 should be all properties. I like to know the range for all homes in neighborhood. What if subject is an outlier?

My comments are based upon what I appears to have been decided upon by the AF based upon Post# 17 that appears to be definitive. An individual appraiser doesn't have the wherewithall to change the protocol when reporting on a standardardized FNMAE form, at least not that I'm aware, regardless of whether it makes sense or not. Those are the types of anomoliles that others agree need to be reported in supplemental narratives because the Forms aren't comprehensive. (The possibility always exists that an Intended User might be familiar with the prescribed protocol; and matters would worsen if a licensed practitioner responds with the rationale that he or she reported in a certain way regardless of what was expected, or required.)

 

[ZZGAMAZZ]

I believe 10 is a minimum number to get a good representation of the larger sample. More is better of course but 10 should be sufficient.

One cannot tug on Superman's cape, nor misuse the term "Significant," which pertains exclusively to statistically-significant factors (although I'm the first to admit that I've never been able to think of an alternative term).

 

[Fernando]

One cannot tug on Superman's cape, nor misuse the term "Significant," which pertains exclusively to statistically-significant factors (although I'm the first to admit that I've never been able to think of an alternative term).

What are you talking about?