Gross Area differences in adjusting

[Fernando]

Normally there's a range I would not do for gross area differences.
Would you say if more than 3 or 4 percent difference, that's where you draw the line to have statistically significant differences to make adjustments.
Don't say it depends on market, blah, blah , blah.
The difference could be from errors in appraiser's and 3rd party's measurements.

 

[Fernando]

I'm finishing up my sales comparison approach and I decided to adjust every comps' gross area regardless if small difference.
It helps make my adjusted sales price of comparables more aligned to the sales price.

 

[Mike Ault]

I'm finishing up my sales comparison approach and I decided to adjust every comps' gross area regardless if small difference.
It helps make my adjusted sales price of comparables more aligned to the sales price.

You'd better check with the assessor and see if that's okay…

 

[Fernando]

You'd better check with the assessor and see if that's okay…

You know me so well. That's what I did using assessor figures.
The trick is to get my subject to assessor's gross area.

 

[Tom D]

When the state, or a lawsuit, does an AI search of your posts on this blog, you might as well just go straight to appraiser pleads guilty to avoid prison time.

But at least you seem done with 'the days of our lives' postings. I can at least look now to be amused.

 

[sputnam]

Normally there's a range I would not do for gross area differences.
Would you say if more than 3 or 4 percent difference, that's where you draw the line to have statistically significant differences to make adjustments.
Don't say it depends on market, blah, blah , blah.
The difference could be from errors in appraiser's and 3rd party's measurements.

In the 'Nando way... apparently, it never depends on the market. It's 'Nandos thinking that is the authority.

Of course it depends on the market. That is your job. It's not what does 'Nando think. It's what does the market tell 'Nando. It's what can 'Nando support based on evidence.

If you really appraise that way, I'd love to review your appraisals. I have very little doubt that you would be talking to your appraisal board shortly after I completed my review.

 

[Fernando]

When the state, or a lawsuit, does an AI search of your posts on this blog, you might as well just go straight to appraiser pleads guilty to avoid prison time.

But at least you seem done with 'the days of our lives' postings. I can at least look now to be amused.

AF should put a warning, a disclaimer that posting in AF can send you "straight to appraiser jail" and AF is dangerous and post at your own risk.

 

[Fernando]

In the 'Nando way... apparently, it never depends on the market. It's 'Nandos thinking that is the authority.

Of course it depends on the market. That is your job. It's not what does 'Nando think. It's what does the market tell 'Nando. It's what can 'Nando support based on evidence.

If you really appraise that way, I'd love to review your appraisals. I have very little doubt that you would be talking to your appraisal board shortly after I completed my review.

Snitching on your fellow forumites. Bad enough dealing with AMCs.

 

[Surf Cat]

AF should put a warning, a disclaimer that posting in AF can send you "straight to appraiser jail" and AF is dangerous and post at your own risk.

Snitching on your fellow forumites. Bad enough dealing with AMCs.

When you point your finger at someone, you have three fingers pointing back at you.

Or

Stick your head above the crowd and someone is going to throw a rock at it.

Read the above a few times while looking in the mirror.

 

[Fernando]

When you point your finger at someone, you have three fingers pointing back at you.

Or

Stick your head above the crowd and someone is going to throw a rock at it.

Read the above a few times while looking in the mirror.

Fernando doesn't feel the love in AF.