Then you are adjusting today' ( as of eff date) MVO ) up to future appreciation rate would result in. .
I am happy to appraise to a higher SC price if some other closed sales similar to subject support it and/or qualities of subject itself. Due to only appreciation...very questionable but as we see from some posts here, number hitting is alive and using future appreciation as the support. Good luck with that in a forensic review down the road.
I know I said I was done with you in this thread but can't resist one more post since your last post is even more clueless than your prior posts.
First of all, the adjustment today for appreciation has nothing to do with future appreciation but is made to reflect
current appreciation, which is estimated based on the current pattern of appreciation going back in time over the past 12 months. You say that "you are happy to appraise to a higher SC price if some other closed sales similar to subject support it" which makes if obvious that you won't go above the sale price of the highest closed comparable sale in your appraised value opinion, no matter that the market is strongly appreciating as of the effective date of the appraisal.
Let's flip this problem on its head....what would you do if you appraising in a quickly declining market with with a 24% rate of annual
depreciation (-2% month) and the last 3 sales of model matched in the subject's project were 3 months ago $100k; 2 months ago $98k; 1 month ago $96k, current pending sale at $94k? Using
your logic that you applied to an appreciating market, then your appraised value could not possibly be less than $96k unless you could find a comp that sold for less than that....of course you come up with some nonsense of why it does not work that way in a down market, but it will only further expose your biases.
Check mate. Game over, thank you for your participation.
Now I am done with you in this thread
