In 12 years I've never got this QC request.

[Tom D]

Except for FHA, which literally want a narrative on everything, my concept is that the underwriter wants to know if appraised house is typical for that neighborhood. Or is it something different in the type or whatever.
Some of you think your mental minutia tells something important to anyone's living. When i sold real estate nobody ever asked me where any road or bus stop or shopping was.

Funny thing is that i learned that FHA is fussy about schools in the area. I do have an additional neighborhood addendum page that slightly changes. Don't we do have aerial map and location map. That doesn't give a visual report of what ever calms the unknowledgeable brain, we also have to be verbally redundant.

But then, my big city canned neighborhood comment goes like this, you seen 2 row homes yous seen them all.

 

[Digger88]

Adequate was just flagged by my best client so just write it like a 3rd grader with the most generic terminology possible.

 

[Sadie]

I've been saying "close proximity" in most of my reports for 23 years. My reports include a map so they can see the subject and comps and the roads they are near.

But this is a profession that has been taken over by total and complete ignorant clowns. So this doesn't surprise me.

Close proximity is IMO is either next door or 2 doors down. For you it might be a at the end of the street. For an underwriter who does not know the area, it might be 5 miles away. That is why you need to be a little more specific. No one knows what you mean.

 

[alebrewer]

Soem people are a little more creative-copy/pasted from Wikipedia.

Asked ChatGPT to write a neighborhood analysis for McKinney, TX. Not too bad - although it would have to be edited for no-no words...


McKinney, Texas, is a rapidly growing city located in Collin and Denton counties, part of the Dallas-Fort Worth metropolitan area. Over the past few decades, McKinney has experienced significant growth, transitioning from a small town into one of the region's most desirable places to live. Below is a detailed neighborhood analysis of McKinney:

1.​

McKinney is known for its charming blend of historic small-town ambiance and modern suburban developments. The city boasts a variety of housing options, from charming historic homes near the downtown area to newly constructed homes in master-planned communities. The city's excellent quality of life, top-rated schools, and strong sense of community make it attractive to families, professionals, and retirees alike.

2.​

McKinney has a population of approximately 210,000 people as of the 2020 census, with an average annual growth rate of about 3-4%. The city has a balanced mix of young families, established professionals, and retirees. The median household income is higher than the national average, and the city has a relatively low unemployment rate. The population is also diverse, with a range of ethnic and cultural backgrounds.

3.​

The real estate market in McKinney is diverse, offering everything from affordable starter homes to luxury estates. The city has experienced significant residential development, especially in suburban neighborhoods and master-planned communities. The average home price in McKinney is higher than the state average, but the city remains more affordable than other DFW suburbs like Plano or Frisco.

Notable neighborhoods include:

• Toll Brothers at The Reserve: Known for high-end, luxury homes and proximity to nature.
• Craig Ranch: A mixed-use development offering a variety of housing options, parks, and amenities.
• Wade Settlement: A quiet, residential area with well-established homes, often attractive for families and long-term residents.
• Stonebridge Ranch: A large, master-planned community with golf courses, pools, parks, and walking trails. It’s one of the more desirable areas due to its extensive amenities.

4.​

McKinney is served by the McKinney Independent School District (MISD), which is known for its strong academic performance. The district has a reputation for providing quality education with a variety of extracurricular opportunities. Several elementary and middle schools are highly rated, and McKinney North and McKinney High Schools are well-regarded institutions.

In addition, there are private schools and charter school options, as well as proximity to higher education institutions in the Dallas-Fort Worth area, such as the University of Texas at Dallas and Collin College.

5.​

McKinney offers a variety of amenities for residents to enjoy, from parks and recreation to dining and shopping. The downtown area is a highlight, with its well-preserved historical architecture, local boutiques, art galleries, and restaurants. It is a great place for residents to gather and take part in community events and festivals.

Key amenities include:

• Parks and Recreation: McKinney is home to over 30 parks, with walking and biking trails, sports facilities, and natural green spaces. Towne Lake Recreation Area and the Heard Natural Science Museum & Wildlife Sanctuary are popular attractions.
• Shopping and Dining: The city offers numerous shopping centers, such as the McKinney Marketplace and Adriatica Village, a Mediterranean-inspired development. There is a vibrant restaurant scene, with many options ranging from casual to fine dining.
• Cultural Attractions: McKinney has a strong sense of history, with the Collin County History Museum and the historic downtown district. The city also offers a variety of festivals, arts events, and concerts.

6.​

McKinney’s location within the Dallas-Fort Worth metroplex makes it well-connected for commuting, although traffic can be a concern during peak hours. The city is served by U.S. Highway 75, which provides direct access to Dallas to the south and other suburban areas to the north.

McKinney also has a robust public transportation system through DART (Dallas Area Rapid Transit), although the city’s suburban nature means most residents rely on cars for daily commuting. The expansion of the Dallas North Tollway provides additional connectivity to nearby areas like Frisco, Plano, and the Dallas business district.

7.​

McKinney is generally considered a safe place to live, with a crime rate that is lower than the national average. The McKinney Police Department is active in community engagement and crime prevention programs. Neighborhoods in McKinney typically report low crime rates, especially in suburban residential areas.

8.​

McKinney, TX, offers an attractive mix of historical charm, modern amenities, and suburban convenience. It has a strong economy, excellent schools, and a family-friendly environment, making it ideal for those seeking a balanced lifestyle. While housing prices have been rising in recent years due to increased demand, the city still offers good value compared to many other parts of the Dallas-Fort Worth area. As McKinney continues to grow and develop, it will likely remain one of the top destinations for individuals and families in the DFW metroplex.

 

[Sadie]

Asked ChatGPT to write a neighborhood analysis for McKinney, TX. Not too bad - although it would have to be edited for no-no words...


McKinney, Texas, is a rapidly growing city located in Collin and Denton counties, part of the Dallas-Fort Worth metropolitan area. Over the past few decades, McKinney has experienced significant growth, transitioning from a small town into one of the region's most desirable places to live. Below is a detailed neighborhood analysis of McKinney:

1.​

McKinney is known for its charming blend of historic small-town ambiance and modern suburban developments. The city boasts a variety of housing options, from charming historic homes near the downtown area to newly constructed homes in master-planned communities. The city's excellent quality of life, top-rated schools, and strong sense of community make it attractive to families, professionals, and retirees alike.

2.​

McKinney has a population of approximately 210,000 people as of the 2020 census, with an average annual growth rate of about 3-4%. The city has a balanced mix of young families, established professionals, and retirees. The median household income is higher than the national average, and the city has a relatively low unemployment rate. The population is also diverse, with a range of ethnic and cultural backgrounds.

3.​

The real estate market in McKinney is diverse, offering everything from affordable starter homes to luxury estates. The city has experienced significant residential development, especially in suburban neighborhoods and master-planned communities. The average home price in McKinney is higher than the state average, but the city remains more affordable than other DFW suburbs like Plano or Frisco.

Notable neighborhoods include:

• Toll Brothers at The Reserve: Known for high-end, luxury homes and proximity to nature.
• Craig Ranch: A mixed-use development offering a variety of housing options, parks, and amenities.
• Wade Settlement: A quiet, residential area with well-established homes, often attractive for families and long-term residents.
• Stonebridge Ranch: A large, master-planned community with golf courses, pools, parks, and walking trails. It’s one of the more desirable areas due to its extensive amenities.

4.​

McKinney is served by the McKinney Independent School District (MISD), which is known for its strong academic performance. The district has a reputation for providing quality education with a variety of extracurricular opportunities. Several elementary and middle schools are highly rated, and McKinney North and McKinney High Schools are well-regarded institutions.

In addition, there are private schools and charter school options, as well as proximity to higher education institutions in the Dallas-Fort Worth area, such as the University of Texas at Dallas and Collin College.

5.​

McKinney offers a variety of amenities for residents to enjoy, from parks and recreation to dining and shopping. The downtown area is a highlight, with its well-preserved historical architecture, local boutiques, art galleries, and restaurants. It is a great place for residents to gather and take part in community events and festivals.

Key amenities include:

• Parks and Recreation: McKinney is home to over 30 parks, with walking and biking trails, sports facilities, and natural green spaces. Towne Lake Recreation Area and the Heard Natural Science Museum & Wildlife Sanctuary are popular attractions.
• Shopping and Dining: The city offers numerous shopping centers, such as the McKinney Marketplace and Adriatica Village, a Mediterranean-inspired development. There is a vibrant restaurant scene, with many options ranging from casual to fine dining.
• Cultural Attractions: McKinney has a strong sense of history, with the Collin County History Museum and the historic downtown district. The city also offers a variety of festivals, arts events, and concerts.

6.​

McKinney’s location within the Dallas-Fort Worth metroplex makes it well-connected for commuting, although traffic can be a concern during peak hours. The city is served by U.S. Highway 75, which provides direct access to Dallas to the south and other suburban areas to the north.

McKinney also has a robust public transportation system through DART (Dallas Area Rapid Transit), although the city’s suburban nature means most residents rely on cars for daily commuting. The expansion of the Dallas North Tollway provides additional connectivity to nearby areas like Frisco, Plano, and the Dallas business district.

7.​

McKinney is generally considered a safe place to live, with a crime rate that is lower than the national average. The McKinney Police Department is active in community engagement and crime prevention programs. Neighborhoods in McKinney typically report low crime rates, especially in suburban residential areas.

8.​

McKinney, TX, offers an attractive mix of historical charm, modern amenities, and suburban convenience. It has a strong economy, excellent schools, and a family-friendly environment, making it ideal for those seeking a balanced lifestyle. While housing prices have been rising in recent years due to increased demand, the city still offers good value compared to many other parts of the Dallas-Fort Worth area. As McKinney continues to grow and develop, it will likely remain one of the top destinations for individuals and families in the DFW metroplex.

That is much more creative than Wikipedia!. I would treat it with a little bit of caution since it pulls from all places of the internet. Trim it down and x check your info and you are good.

 

[jay trotta]

IMO- so does the "reader of the report" actually ever read all of the content? It would appear to me that all the reviewers are programed to question "language in a report" and not actually do the work they are required to do.

So glad I'm out.....

 

[J Grant]

Asked ChatGPT to write a neighborhood analysis for McKinney, TX. Not too bad - although it would have to be edited for no-no words...


McKinney, Texas, is a rapidly growing city located in Collin and Denton counties, part of the Dallas-Fort Worth metropolitan area. Over the past few decades, McKinney has experienced significant growth, transitioning from a small town into one of the region's most desirable places to live. Below is a detailed neighborhood analysis of McKinney:

1.​

McKinney is known for its charming blend of historic small-town ambiance and modern suburban developments. The city boasts a variety of housing options, from charming historic homes near the downtown area to newly constructed homes in master-planned communities. The city's excellent quality of life, top-rated schools, and strong sense of community make it attractive to families, professionals, and retirees alike.

2.​

McKinney has a population of approximately 210,000 people as of the 2020 census, with an average annual growth rate of about 3-4%. The city has a balanced mix of young families, established professionals, and retirees. The median household income is higher than the national average, and the city has a relatively low unemployment rate. The population is also diverse, with a range of ethnic and cultural backgrounds.

3.​

The real estate market in McKinney is diverse, offering everything from affordable starter homes to luxury estates. The city has experienced significant residential development, especially in suburban neighborhoods and master-planned communities. The average home price in McKinney is higher than the state average, but the city remains more affordable than other DFW suburbs like Plano or Frisco.

Notable neighborhoods include:

• Toll Brothers at The Reserve: Known for high-end, luxury homes and proximity to nature.
• Craig Ranch: A mixed-use development offering a variety of housing options, parks, and amenities.
• Wade Settlement: A quiet, residential area with well-established homes, often attractive for families and long-term residents.
• Stonebridge Ranch: A large, master-planned community with golf courses, pools, parks, and walking trails. It’s one of the more desirable areas due to its extensive amenities.

4.​

McKinney is served by the McKinney Independent School District (MISD), which is known for its strong academic performance. The district has a reputation for providing quality education with a variety of extracurricular opportunities. Several elementary and middle schools are highly rated, and McKinney North and McKinney High Schools are well-regarded institutions.

In addition, there are private schools and charter school options, as well as proximity to higher education institutions in the Dallas-Fort Worth area, such as the University of Texas at Dallas and Collin College.

5.​

McKinney offers a variety of amenities for residents to enjoy, from parks and recreation to dining and shopping. The downtown area is a highlight, with its well-preserved historical architecture, local boutiques, art galleries, and restaurants. It is a great place for residents to gather and take part in community events and festivals.

Key amenities include:

• Parks and Recreation: McKinney is home to over 30 parks, with walking and biking trails, sports facilities, and natural green spaces. Towne Lake Recreation Area and the Heard Natural Science Museum & Wildlife Sanctuary are popular attractions.
• Shopping and Dining: The city offers numerous shopping centers, such as the McKinney Marketplace and Adriatica Village, a Mediterranean-inspired development. There is a vibrant restaurant scene, with many options ranging from casual to fine dining.
• Cultural Attractions: McKinney has a strong sense of history, with the Collin County History Museum and the historic downtown district. The city also offers a variety of festivals, arts events, and concerts.

6.​

McKinney’s location within the Dallas-Fort Worth metroplex makes it well-connected for commuting, although traffic can be a concern during peak hours. The city is served by U.S. Highway 75, which provides direct access to Dallas to the south and other suburban areas to the north.

McKinney also has a robust public transportation system through DART (Dallas Area Rapid Transit), although the city’s suburban nature means most residents rely on cars for daily commuting. The expansion of the Dallas North Tollway provides additional connectivity to nearby areas like Frisco, Plano, and the Dallas business district.

7.​

McKinney is generally considered a safe place to live, with a crime rate that is lower than the national average. The McKinney Police Department is active in community engagement and crime prevention programs. Neighborhoods in McKinney typically report low crime rates, especially in suburban residential areas.

8.​

McKinney, TX, offers an attractive mix of historical charm, modern amenities, and suburban convenience. It has a strong economy, excellent schools, and a family-friendly environment, making it ideal for those seeking a balanced lifestyle. While housing prices have been rising in recent years due to increased demand, the city still offers good value compared to many other parts of the Dallas-Fort Worth area. As McKinney continues to grow and develop, it will likely remain one of the top destinations for individuals and families in the DFW metroplex.

all of these above would be kicked back for banned words- the desrptions are welldone but IMO more like Chamber of commerce stle then what an appraiser might write -

 

[J Grant]

IMO- so does the "reader of the report" actually ever read all of the content? It would appear to me that all the reviewers are programed to question "language in a report" and not actually do the work they are required to do.

So glad I'm out.....

The scan for banned or problem words is an auto scan and should be in addition to reading the report by a reviewer or QC person - whoever that is on the client end

 

[chad hampton]

I’m not sure what else you would be referring to as close proximity other than highways, school, shopping, places of employment, etc. Those aren’t typically two doors away again you have the map and if your comps are all within a mile or so then they’re in the same exact approximate area. I don’t see why it’s that big of an issue. I’m certainly not going to say my house is 3.5 miles away from the closest target. That seems idiotic.

 

[J Grant]

Close proximity is IMO is either next door or 2 doors down. For you it might be a at the end of the street. For an underwriter who does not know the area, it might be 5 miles away. That is why you need to be a little more specific. No one knows what you mean.

This whole thing is idiotic., and it is subjective; therefore, readers are so CONFUSED - because proximity or convenience means different things to different people ! Meanwhile, these contextual verbiage are common words understood by all , and were used for decades in appraisal with no problems.

People understand very well what these terms mean and can adapt them to a working concept. We are not writing for a buyer like a RE agent is, we are wiring it for a client. They have maps and can see how far or close the subject is to major roads and such, plus the appraisers should be giving a description of that anyway

Subtiatng a mileage area is in compliance, and I will do it , but it actually is worse - because a half mile to what? Every store? The main stores? What about other stores 3/4 mile away? and one store is 2 blocks away. Etc. We understand why neighborhood or crime should not be used as verbiage; I never used them anyway. But now the words Average and adequate pop up as banned words.




tt. I