Lobo Fan
Elite Member
- Joined
- Nov 28, 2004
- Professional Status
- Certified Residential Appraiser
- State
- New Mexico
Got a request for a field review las night. Printed it, started pulling the MLS sheets, and noticed the MLS numbers were from last year. I thought it a bit odd, as it is for a condo in a large project (Vista del Norte off Osuma) for the locals.
It looks like they needed a value of $171,000. The problem is that prices have been trending downward. Plenty of recent comps from $155-$165K and from June. Plus the person's 4th comp was a small site built house.
No name on the report I am reviewing. But I am dearly tempted to turn this one in. Also, I don't understand what they were thinking. They had to know that this was going to get reviewed. These days, anything outside the margins at all get reviewed.
I have not completed a full colonoscopy yet, but I am dying to find a tidbit in an addendum somewhere explaining why comps from 09/07 are more relevant than comps from June of 08.
Somedays I just want to weep for my profession.
It looks like they needed a value of $171,000. The problem is that prices have been trending downward. Plenty of recent comps from $155-$165K and from June. Plus the person's 4th comp was a small site built house.
No name on the report I am reviewing. But I am dearly tempted to turn this one in. Also, I don't understand what they were thinking. They had to know that this was going to get reviewed. These days, anything outside the margins at all get reviewed.
I have not completed a full colonoscopy yet, but I am dying to find a tidbit in an addendum somewhere explaining why comps from 09/07 are more relevant than comps from June of 08.
Somedays I just want to weep for my profession.
