Greenback
Senior Member
- Joined
- Apr 20, 2007
- Professional Status
- Appraiser Trainee
- State
- Louisiana
I have a question. It's an effective age question. I know I how I do it, but I'm not interested in discussing how I do it. Here is the question..
In residential Appraising, applying paired sale analysis and comparing in general, do you seasoned Appraisers let the cost Approach dictate the effective age of all comparables when extracting the effective age itself and the dollar or percentage adjustments in the sales comparison approach while using the appropriate techniques or methods used in the sales comparison approach? AND, would the effective age of each comparable stay the same no matter what when a different subject property is used with the same comparable properties?
For the record, I use effective ages when paired, not actual age (99% of the time).
Ok, I'm ready for the opinions and facts...Shoot!
In residential Appraising, applying paired sale analysis and comparing in general, do you seasoned Appraisers let the cost Approach dictate the effective age of all comparables when extracting the effective age itself and the dollar or percentage adjustments in the sales comparison approach while using the appropriate techniques or methods used in the sales comparison approach? AND, would the effective age of each comparable stay the same no matter what when a different subject property is used with the same comparable properties?
For the record, I use effective ages when paired, not actual age (99% of the time).
Ok, I'm ready for the opinions and facts...Shoot!