Fannie Mae Q3 Update

[Tim Hicks (Texas)]

I just drove by 6 of my look alike comps, all within 3 city blocks of the subject. My privileged urban row appraising life has no comment for this thread. Well, maybe i do. Rural appraisers are the storm troopers. From these years of reading i would think you ain't being paid enough. I did some rustic suburban in my youth before the internet and cell phones. I don't know how you could find any driveway without some identifying mark. One time, all the mail boxes were on the corner of the street. I don't do them anymore, mostly big urban.

Before 911 addressing, we only had route and box numbers and many did not have that on their mail boxes. I would have to use the process of elimination by driving up the road and seeing box number and back down the road to see a box number and then figure out which was my comparable sale in between. Ah, fun times!

 

[Fernando]

My subject is on border of two neighborhoods.
After driving by the comps and got feel of the neighborhoods, I feel subject belongs more to one neighborhood (appraisers are subjective, aren't we?).
If I use comps on the other higher end neighborhood, subject's value will be much higher.