Digger88
Elite Member
- Joined
- May 11, 2010
- Professional Status
- Certified Residential Appraiser
- State
- Virginia
got this exact stip from a new UW at a long term client like this is a manual robo (ask appraiser) comment they make. I sent the following and he closed the file
Sensitivity analysis (a standard, GSE-accepted Sales Comparison Adjustment Method documented in the report) was used (and its definition can be found under MARKET DATA/ADJUSMENT METHODS AT END OF REPORT) because it identifies the adjustments that produce the smallest range of adjusted sales prices. Quality adjustments specifically account for the subject’s all-brick (4 sides) construction versus brick-front/vinyl or all-vinyl. Minor lot-size differences received a $0 adjustment because no market-based evidence exists to support an adjustment for such small variances.
While bracketing is optimal and was utilized wherever possible, it is not a GSE or USPAP requirement for every data field. The report also notes that the appraiser had to go outside one mile to bracket certain aspects of the subject property, and the use of those comps does not render the opinion unreliable. Full adjustment rationale definitions and supporting market data are provided in the ‘MARKET DATA’ section at the end of the report.
Paired-sales analysis was not the primary method used, so no additional paired-sale data is provided (sensitivity analysis was employed instead).