MC form

[srag1]

This form is pretty cut and dry. It is what it is. Is this form spacific to the submarket/immediate neighborhood as I understand it to be and other peers do as well and how I've been utilizing it or is it a blanket form to include a vast area and competing neighborhoods. ???????????

I thought I had but it appears that I don't or is it the Underwriter that does'nt get It?????????????????, Thanks Scott m2:

 

[SmilingDog]

The form has sections where you can state your parameters, data sources, etc. You can also use the addenda. Disclose. Fill. Next.

 

[srag1]

yeah I know but the U/W's don't know what their looking at.

 

[Terrel L. Shields]

The area is logically the same area that your search parameters are but intuitively most of us have a much smaller "NEIGHBORHOOD" area than we hav a "MARKET" area. Therein lies the rub. The neighborhood is often too small an area to provide meaningful statistics.

OTOH, using the MARKET area data might have significant statistical meaning but defies the Form itself when it claims that the data should reflect sales that COMPETE directly with the subject. In small town America most people are looking for a property in that community for a reason and are not looking in nearby town let alone further afield larger ones.