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GLA Adjustments

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Terrel L. Shields said:
Estimating a SF adjustment can be done by simple reasoning and experience. Basically you are doing sensitivity analysis by working thru the number that fits best, I.e.- the lowest spread between adjusted numbers and you are doing it by changing the SF adjustment in the grid until you have it as tight as possible. But that isn't documentation. All a sensitivity analysis or paired sale does is document what you are doing in the first place. There is no need to slam someone for doing what even some of us old heads did for half our career before reviewers became myopic and couldn't see the obvious.
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"...doing what even some of us old heads did for half our career before..."
"Estimating a SF adjustment can be done by simple reasoning and experience."

:clapping::clapping::clapping:
 
Did you not read post #1? Responded to what was actually said. If he meant to say something else he should have. Perhaps this is one reason he's being asked for further clarification in the first place. Teach a man to fish I says.
 
Artemis Fowl said:
Did you not read post #1? Responded to what was actually said. If he meant to say something else he should have. Perhaps this is one reason he's being asked for further clarification in the first place. Teach a man to fish I says.
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Rumrunner said:
I have been around for 12 years and have a new client that is requiring that the calculations be shown in the report. How my GLA adjustment was obtained (sometimes its $25 others it's $50). I must have missed that class! How would you, the brain trust, answer this within a report??
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I could be wrong...
I think Rumrunner is asking when did show your work become a requirement....

"(sometimes its $25 others it's $50)"
Do you agree/disagree with Rumrunner's range???
 
ucbruin said:
I could be wrong...
I think Rumrunner is asking when did show your work become a requirement....

"(sometimes its $25 others it's $50)"
Do you agree/disagree with Rumrunner's range???
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What part of that phrase implies he's talking about a range? Reads one or the other.

Sure sounds like he was asking how to support a GLA adjustment...this was answered. Some readers are likely struggling with how any of those great answers jive with EITHER $25 OR $50.
 
Everyone has a procedure they go thru working towards individual adjustments. I am not set in one method over another. Now i will probably get beat up pretty good but I don't care it works for me. How do I know? Without getting into details but my execution is what counts and since I am tracked on that in majority of my assignments I have a track record and its pretty dang good.

First I always make any applicable adjustments for time and SPLP ratio's if you have listings in report. Site value is a very early consideration(HBU) Then I go for the big stuff Like Garages, carports, 1 or two lane driveway's. etc Next I look at all the little crap that usually doesn't have any easily discover-able adjustment. Like fence, sheds crap like that gets a '0' adjustment(I handle those in the reconciliation) Bathrooms usually are not to hard. What you should be left over with is GLA.

So they want you to explain it? Well isn't that great. Maybe you should tell them when your next assignment is and invite them over to watch you do your magic!

Just tell them the processes/steps you went through. Don't get to detailed. They don't understand big words.

Good Luck!

OOOPS I missed the part where they want to see Calculations! WOW, what are they state board asking for your whole work file?
 
Artemis Fowl said:
What part of that phrase implies he's talking about a range? Reads one or the other.

Sure sounds like he was asking how to support a GLA adjustment...this was answered. Some readers are likely struggling with how any of those great answers jive with EITHER $25 OR $50.
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"simple reasoning and experience"

Not part of your world....;)
 
Maybe there's a fundamental getting missed here. Everybody was quick to present their methods but nobody was asking how he actually arrived at his GLA adjustment. This is kind of important to the answer to his specific issue is it not? When challenged how he does it (maybe that could have been done more tactfully) he responded with you are a jerk for asking and oh btw thanks for the boilerplate. Not helping this guy bury a body sorry.

PS. He was not asking how to make GLA adjustments...he was asking how to explain how HE did them. Simple enough reasoning for you?
 
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Well, someone had a spreadsheet for download, and I know you can copy area of spreadsheet and paste as a photo into.... wherever a photo can go.
If that's not showing your work, pray tell, what is... Unless of course the reviewer wants the formulas used... Which are there for the asking
.
 
Thanks so very much. Some really good stuff in here. I really appreciate your time.

Most Respectfully
 
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