I'd like your thoughts on this graph.

[Metamorphic]

I've been playing with different way's to present appraisal data. The way the URAR treats the previous sale data always seemed awkward to me; splitting the comps out from the subject and going back some arbitrary length of time. So I decided to try doing a time line graph of the data. Just for kicks I decided to graph all the transfers in public record.

In this graph "Stag" is the subject, Casey, Van, and Sweetness are Comp Sales. Butter and Whitley are listings. For the listings I used the listing price as a data point. For the subject I used the appraised value as a data point.

I actually kind of like this graph. It shows that I've bracketed the comp. The various sales along the way show that the values of these properties are traveling together reinforcing the idea of their comparability.

On this project I used allocation to get the land value for the cost method. It came out at $150k. If you draw a line from the first data point in the Stag and Sweetness lines, through the first point in the Whitley line (this is all the pre-improvement sales that was in public record), that line crosses present day at about $150K.

Pretty neat I think.

 

[JRS at OBX]

UW Stip: Appraiser to redo/explain this building sketch.

(and we need 3 more sales w/in a mile and 6 months)

 

[Kevin Mc]

UW Stip: Appraiser to redo/explain this building sketch.

(and we need 3 more sales w/in a mile and 6 months)

Isn't that the truth. Yeah its neat, but the person who will be reviewing your report dots her "i"s with a heart. Asking for trouble....

 

[Tim The Enchanter]

Asking for trouble.

I might use it for myself, in the work file.
But including it in a report is likely to get you a question. Such as, WTF is that?

So, add a few paragraphs of explaining if you do use it.

 

[Metamorphic]

I've got no plans to use this in a report at this time. But if I do for sure I'll take the time to explain it. I'm more doing this just to try to figure out what can be done. Seems like it might be a useful tool to keep in the pocket if I come across a situation where I need a little more back up that I'm dealing with comparable properties.

 

[Elliott]

WTF is up with Whitlney? I see you've bracketed, but
looks like you've got significant variation. You one of
those chartists?

 

[Ted Markow]

"Always assume the person before you and after you is a complete idiot and you will never have a problem" - - - - - I don't think that graph is covered under the preceeding!! Albeit well done for the right reader.

 

[Metamorphic]

That first data point on whitley is its original land sale. It wasnt built till 2001. The others were late 80's ish.

 

[jay trotta]

data from 20 + years ago, I can't get anything over 9 months back, without a 2 page request as to why ? and it was already answered in the original report.

20 + years ago, most of the current wave of UW's weren't even alive and they think dancing wit the stars and the ballroom boogy is from today......ROFL

 

[Lobo Fan]

I think it is very cool. I would hate trying to explain it to Achmed or Raveesh from the call center who is doing the quality review on your report.