• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Field Review Quote

Status
Not open for further replies.
The way I look at things, when it was built is a big thing.

Without MLS access, I think 550 Woodview Road is probably one the best comps available. 2000's home on the subject's block on the same half acre lot. It was an October 2022 sale, but if the price trend is stable since then, it doesn't really matter. I probably would have put this sale in and placed most reliance on it.
 
Every sale was a smaller sf living area except for comp 4- that I do find concerning.
The sales are not that far from the subject, but whether or not the neighborhood is comparable, I can't tell since it's not my area.
The subject has a much bigger lot size, and they should have, if possible, bracketed with a bigger lot size. They gave very tiny lot size adjustments with is odd. This might have needed a comp or 2 further waty but in a similar market area. IDK if such a sale or an older sale cracking sf living area and lot size was available or not.
age adjustment is not always $ fo4 $ so no comment on it-

No water view sale to bracket the subject view?? THAT is what I could focus on, not some dumb FPL adjustment. then they make a $3000 water view adjustment - stupid.

I have no idea if I would have agreed with the value it is not my area. But I would have looked hard to find better comps, to bracket the subject water view, lot size etc but them on the grid, along with a couple of the OA comps and seen what value was developed to see if I agreed or not agreed with the OA value -
My bad. forgot #7. The water view was a view of a glorified drainage ditch. Maybe 6' wide on a good day. Same "view" as comp 7 because it backs up to same drainage ditch.. Only a few what I would consider "better" comps primarily due to subject's GLA being in the very upper range for neighborhood. Did you notice the finished basement "room" adjustment. Same adjustment for 627 sf room or 1865 sf room.

1710520520834.png
 
Last edited:
The way I look at things, when it was built is a big thing.

Without MLS access, I think 550 Woodview Road is probably one the best comps available. 2000's home on the subject's block on the same half acre lot. It was an October 2022 sale, but if the price trend is stable since then, it doesn't really matter. I probably would have put this sale in and placed most reliance on it.
Bingo. Same neighborhood, same style, same builder, same "view", similar lot size and year built but updated. Subject was basically original including the roof which was 20 years old. That was my 4th comp. Neighborhood price trends flat for past 24 months (I included graph)
 
Like I said stir the pot



You're the one that made it adversarial. I choose not to play
Unlike you, I choose not to whine about other appraiser's product....
Especially on the AF....
ESPECIALLY IF YOU AREN'T BRAVE ENOUGH TO SHOW YOUR WORK.... :LOL:
 
Unlike you, I choose not to whine about other appraiser's product....
Especially on the AF....
ESPECIALLY IF YOU AREN'T BRAVE ENOUGH TO SHOW YOUR WORK.... :LOL:
What are you going to "compare". Adjustments, comps used. Has nothing to do with being "brave". It has to do with not engaging in a futile endeavor
 
My bad. forgot #7. The water view was a view of a glorified drainage ditch. Maybe 6' wide on a good day. Same "view" as comp 7 because it backs up to same drainage ditch.. Only a few what I would consider "better" comps primarily due to subject's GLA being in the very upper range for neighborhood. Did you notice the finished basement "room" adjustment. Same adjustment for 627 sf room or 1865 sf room.

View attachment 85846

My bad. forgot #7. The water view was a view of a glorified drainage ditch. Maybe 6' wide on a good day. Same "view" as comp 7 because it backs up to same drainage ditch.. Only a few what I would consider "better" comps primarily due to subject's GLA being in the very upper range for neighborhood. Did you notice the finished basement "room" adjustment. Same adjustment for 627 sf room or 1865 sf room.

View attachment 85846
A drainage dirtch is not Water view and comp 7 sold no higher than the others should have been no adjustment for it then-
 
Last edited:
I guess my way of approaching a review is different than some. Some appear to be focused on the value and nothing else. i start with the beginning of the oa and work my way through. If data in the neighborhood section is factually wrong. I call it out. Which I did. Same with the rest of the report. I look at the report as a whole.How many factual mistakes and lack of applicable commentary does it take to just say to yourself "how could anybody consider this report credible or even reliable". Regardless of the value. JG you constantly rant about waivers and their avms. Left untouched. The oa becomes part of CU and their avms. Would you like your work compared to what I posted?
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top