Adjustments, how to determine?

[Joyce Potts]

Research Trend Analysis when paired sales when regression fails.

 

[William K]

First read USPAP, then pick it up and read again in a few days. Repeat this for about 2 weeks until you start to actually memorize certain parts. You really need to comprehend the difference between Rules, Standards, Statements, Laws and Guidelines as well as what is Standard Practice.

Next look for the Book (Publication) through the Appraisal Institute - "Valuation by Comparison" by Mark Rattermann

I would also recommend "Using Residential Appraisal Report Forms" also by Mark Rattermann



I refer to these books all the time ( they are in my top left drawer with USPAP, "The Appraisal of Real Estate" is in my right desk drawer) when I come across a complex property and am contemplating how to best value a subject.

 

[Joyce Potts]

http://www.workingre.com/support-prove-adjustments1/

Here's another option.

 

[Pilgrum]

Somebody mentored you. Right? How did that person determine what adjustments to make? Oh! I know! They had a list......

 

[VolcanoLvr]

Denis...
Are you 'sure' that's the correct book title? Can't find it under that exact wording. Others similar.

 

[hastalavista]

Denis...
Are you 'sure' that's the correct book title? Can't find it under that exact wording. Others similar.

I screwed up! :blush:
The correct title is: Appraising Residential Properties (AI).

 

[residentialguy]

SOW is a factor. Summary sums up the details of what your support in your file proves. This whole give me a detailed explanation of your adjustments is fine, but that is additional work, which calls for additional fee.

How much detail should be in your report?
Answer: "As much as you're willing to pay for"