Extraction Method

[George Hatch]

What he's arguing is that folks that use extraction are somehow not capable of performing SCA for site valuation. Being from CA, where he has full disclosure on sales prices, I'm sure it's MUCH easier to do a site valuation via SCA than here, but unless the site sales are on MLS, you just don't have the data - and that's the case more often than not in suburban markets in Texas.

I have no doubt there are folks who 'say' they used extraction - or even worse - folks who 'say' they use allocation. Just as there are folks who 'say' they used vacant site sales - when in reality, they did neither of the three. They simply pulled a number that confirmed the value reached in the SCA. Which is yet another reason I don't like the CA.

Never said that, never argued that.

...just that sometimes an appraiser uses it as an "easy out" of doing market research.​

I have been saying that, though.

 

[Michigan CG]

I have no doubt there are folks who 'say' they used extraction - or even worse - folks who 'say' they use allocation

and don't forget abstraction! We have plenty of land sales around here and I am convinced that many were trained to type that in their reports and have no idea that the words mean and have no idea how to do any of the above.

 

[alebrewer]

Never said that, never argued that.

...just that sometimes an appraiser uses it as an "easy out" of doing market research.​

I have been saying that, though.

Ahhh... you were only saying that about me, then? To wit:

"Lookit, I get it - your employers are institutionalized and they want their widgets, and that's completely fine for them - and by extension for you when you're working for them. But they don't define the entire extent of what is an appraisal or what appraisers do. If you never do land appraisals then you're in no position to say what can and can't be done in one of those assignments or even what kinds of sales are and aren't comparable. If you never work for those types of clients then you have no clue what they do and don't consider to be meaningful for such appraisal problems."

Or is 'you' here a generic 'you' (as you've copped out to in the past)...

 

[alebrewer]

and don't forget abstraction! We have plenty of land sales around here and I am convinced that many were trained to type that in their reports and have no idea that the words mean and have no idea how to do any of the above.

completely forgot about abstraction! That's awesome. In fact, I may start using that one...