PushinValue
Member
- Joined
- Nov 28, 2011
- Professional Status
- Certified Residential Appraiser
- State
- California
FHA report
55+ pud
100 total homes
2 sales 6 months old
3 sales 6-12 months
10 sales last 1-2 year period
12% year to year increase
3% increase from 1 year to last (2) 6 month old sales
Overall zip code shows 12% 1-2 year vs current year and 6% increase year to date.
0 actives and 2 current pending (4 dom and 1 dom). Same agent has both listings revealing they are in contract 1 cash and the other 50% luv loan w no appraisal contingency. Both pendings are higher than old sales with applied time adjustments using zip code data...
Do you make an across the board time adjustment (using zip code data for the two 6 month sales based on the fact the zip code data mirrors pud info for last 2 years)?
Or leave the county and go into a different market for a recent sale and adjust for location/market differences?
Third option I have ruled out (using non age restricted sales)
Thoughts??
Thanks!!
55+ pud
100 total homes
2 sales 6 months old
3 sales 6-12 months
10 sales last 1-2 year period
12% year to year increase
3% increase from 1 year to last (2) 6 month old sales
Overall zip code shows 12% 1-2 year vs current year and 6% increase year to date.
0 actives and 2 current pending (4 dom and 1 dom). Same agent has both listings revealing they are in contract 1 cash and the other 50% luv loan w no appraisal contingency. Both pendings are higher than old sales with applied time adjustments using zip code data...
Do you make an across the board time adjustment (using zip code data for the two 6 month sales based on the fact the zip code data mirrors pud info for last 2 years)?
Or leave the county and go into a different market for a recent sale and adjust for location/market differences?
Third option I have ruled out (using non age restricted sales)
Thoughts??
Thanks!!