- May 20, 2009
- Professional Status
- Licensed Appraiser
it is a good stretch job. they teach them well over at AI.
Between experience and direct data, is inference and logic. But that route requires intelligence.Making an adjustment based upon your experience and not direct data as proof is like going to the bathroom and not washing your hands; everyone denies doing it but everybody does.
I don’t know if that is true. Someone told me that.
I appraised a small house in a small FHA subdivision from the 1970s. They were all 3 bed, 1 bath with a carport, left hand or right hand. There were several sales all within a couple thousand dollars of each other (well under $100k) and I made zero adjustments because they were all...3 bed, 1 bath with a carport...and yes, I got a call from the reviewer..."Why didn't you make any adjustments?" The spread was about $2,000 between the high and low. None had been updated although a few of the houses in that subdivision had had the carport enclosed to an additional room, so what was to be adjusted?If it ever happens
not gonna happen or we would see this is all just BS.How about a screen shot of the grid (redacted).
the sales ranged from 292,000 to 314,000 with an estimated value of 330,000.
don't hold your breath, you won't get a response. see the above.Are those the adjusted or unadjusted sales range?
that's a safe bet to make given the source and lack of anything supporting the claim.All whatever this is depends on paraphrasing, which may mean something critical is getting lost in service of a point, which itself may have dropped its compass somewhere.
just got sent an appraisal that was completed by a MAI.
he stated and just paraphrasing that "some adjustments were made even though there is no market data"
and i agree with him.