BIGSKIPPER
Freshman Member
- Joined
- May 29, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Florida
I recently was requested to lower my estimated opinion of market value. The subject Square foot was bracketed. Time/date of sale adjustments were used for any sales beyod the current qtr. and verified with local market data. An additional comparable sale and a current listing was added at the lenders request. The listing to sales ratio % was also noted. The number that the lender indicated was well below any of the sales used in the report (139,000-147,000). The subject property is located in a rural area. Other than distance the recommended FNMA guidelines were all met. I did not change my opinion of value. I know that once the report is submitted you cannot change the value. I am trying to find the exact wording in USPAP. I would appreciate any help with this. Thanks, Martin
