Adjustment Support Request

[Non Sequitur]

Here's what they are looking for and why:

 

[Zoe]

How you did it doesn't necessarily prove anything it's just expressing how you did it and the truth is few adjustments can be proven except if the mathematical adjustments were correct. I've never seen a View Adjustment proved or frankly nothing but maybe GLA.

The big question is can or would others be close if replicating your choice of adjustments. The biggest mistake is to use old canned statements about using things like regression if you didn't or paired sales when not one single comp used in report is similar to the subject.

I always tried to never get into a corner that I couldn't get out of or at least sound like my adjustments were reasonable.

Yeah, right on. It is the basis that matters.

 

[Zoe]

When you look at MV definition, it is expansive relative to adjustments in your appraisal. I hope you realize that fact.

I hope the OP could work it out with their client.

 

[Zoe]

Very expansive, qualitative or quantitative in adjustments. Basis is big.

MV definition is very unique in professional appraisal practice.

 

[Zoe]

Market value definition is directly related to public trust. The two are like married.

 

[gorillakimchi]

Synapse

Synapse is the ultimate adjustment support tool—helping appraisers make confident, data-backed decisions every time.

www.truefootage.tech

Hope this helps and merry christmas!

 

[kelsey]

I have a lender asking me to provide the specific market data utilized to support the applied adjustments while avoiding the use of non-specific commentary. For instance, if paired sales were used, please list the specific paired sales used to derive the adjustment. if a different method was used the thought process needs to be specifically explained. A "show your work" approach fo adjustment support has been more heavily enforced by Fannie Mae and Freddie Mac. As such, most lenders no longer accept boiler plate commentary that could be applied to any appraisal report.
I am looking for suggestions on how to handle this request

 

[kelsey]

Ask them to supply a specific example of what is acceptable.

 

[OSU Beavers]

How are we supposed to "show support" once UAD 3.6 hits and we cannot attach PDFs of our charts and graphs?

 

[Non Sequitur]

How are we supposed to "show support" once UAD 3.6 hits and we cannot attach PDFs of our charts and graphs?

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