Bracketed GLA

[KenRossman]

Agree with Kevin. Besides bracketing applies to sales that are within the realm of comparability. A 20' X 100' Corona lot in say R6b zoning is in no way comparable to a 40' x 100' or 60' x 100' lot. No point in bracketing sales that are not even remotely comparable. just my 2 cent.

So youse guys are saying it's ok to use all comps with a major element significantly larger/smaller or inferior/superior to the subject and employ across the board adjustments or worse yet not adjust for the difference?

 

[Claude From NY]

Absolutely NOT!

Ken, you ain't reading me right. I'm saying it's NOT OK. Stick with COMPARABLE sales for your bracketing.

P.S. good idea adding your area and zip code on every post. think ill try it too.

 

[KenRossman]

When you have "comparable" sales available it's a non issue.

All I'm saying is when you don't have "comparable" sales available it is better to bracket the major element with the significant difference than use all sales that are significantly either bigger/smaller or superior/inferior.

 

[Steve Owen]

What you are all really discovering on this thread is that appraisal is not rocket science. That is, it cannot always be described by math.

Sure, it would be good practice to bracket every significant factor. (To answer the original question, bracket means having one item equal to or greater than and one item equal to or smaller than within the comparable data set.) But that is not always practicable. When it is not, use the best comps and explain why.