Purposely Mis-reporting Form Requirements ?

[Fernando]

And remember on the neighborhood price range, do not count distressed sales or homes needing to be habd. A fannie rule, don't ask me when i saw dat.

I'm still using 1004mc, cause it shows the list to sale price ratio. Now we have to minus the listing price if below 100% ratio. I only bring this up because the stupidness on this thread, may not know this.

I like to round up for my neighborhood price range but I could be called out.
If lowest sold was $597,000 and I decide to say low end is $600,000, reader would think I'm not accurate. I think it's more realistic with range of $600 to $1,000,000 than say $597,000 to $1,023,000.

And you have a point with list to sale price ratio. Here, many of the ratios are over 100% which I can justify showing the active listing comp price I used is low and thus given less weight.

 

[ZZGAMAZZ]

And remember on the neighborhood price range, do not count distressed sales or homes needing to be habd. A fannie rule, don't ask me when i saw dat.

I'm still using 1004mc, cause it shows the list to sale price ratio. Now we have to minus the listing price if below 100% ratio. I only bring this up because the stupidness on this thread, may not know this.

Well that doesn't make any sensee either IMO. Who care if the selling/list price ratio is a negative number. Nothing in apprisal lore requires an appraiser to determine underlying psychology of listing agents, although sellers' motivations are often interesting to explain an abbertion. If so, then selling price/list price ratios must also be ignore, in homage to the statistical implication of outliers. OTOH...???????????

 

[ZZGAMAZZ]

I like to round up for my neighborhood price range but I could be called out.
If lowest sold was $597,000 and I decide to say low end is $600,000, reader would think I'm not accurate. I think it's more realistic with range of $600 to $1,000,000 than say $597,000 to $1,023,000.

And you have a point with list to sale price ratio. Here, many of the ratios are over 100% which I can justify showing the active listing comp price I used is low and thus given less weight.

Your point is well-taken. I often wonder whether "rounding" needs to be disclosed in the Scope of Work.

 

[Fernando]

Well that doesn't make any sensee either IMO. Who care if the selling/list price ratio is a negative number. Nothing in apprisal lore requires an appraiser to determine underlying psychology of listing agents, although sellers' motivations are often interesting to explain an abbertion. If so, then selling price/list price ratios must also be ignore, in homage to the statistical implication of outliers. OTOH...???????????

It's a ratio... no negative number.
Aren't your listings significantly lower than market price, thus over 100% ratio.

 

[ZZGAMAZZ]

It's a ratio... no negative number.
Aren't your listings significantly lower than market price, thus over 100% ratio.

Oh, I thought the post spoke about a ratio between the list price and the selling price of individual propertiees--although I guess the median cumulative selling price of all individual sales would determine Market Value. Hmmmm but it would be a down-n-dirty way to define a market as Increasing or stable or decreasing.... see another Fernando Induced Epiphany...

 

[Surf Cat]

What's with the weed comment. Freudian Slip. I'm just saying.

Sigh...

"In the weeds" is used to describe being deep or too far in the weeds while attempting to root out details of an issue in order to come to a solution. In this scenario, the information is usually meaningless, and one has become entangled too deeply in the “weeds”.

 

[ZZGAMAZZ]

Sigh...

"In the weeds" is used to describe being deep or too far in the weeds while attempting to root out details of an issue in order to come to a solution. In this scenario, the information is usually meaningless, and one has become entangled too deeply in the “weeds”.

Who in the world doesnt know that phrase? Probably trace the confusion back to Fernando's youth in Iran, traing in Pakistan and Arkansas [ Bill & Hilary's Hit squad ]

 

[Fernando]

Sigh...

"In the weeds" is used to describe being deep or too far in the weeds while attempting to root out details of an issue in order to come to a solution. In this scenario, the information is usually meaningless, and one has become entangled too deeply in the “weeds”.

Interesting.... that I never heard of it.

 

[Fernando]

Who in the world doesnt know that phrase? Probably trace the confusion back to Fernando's youth in Iran, traing in Pakistan and Arkansas [ Bill & Hilary's Hit squad ]

That must be the reason.

 

[sputnam]

... but the "One Unit Housing" numbers --age & value--pertain to Competing properties only--and it does't make sense to me that the two One-Unit Housing descriptors can possibly pertain to two different metrics.

I don't know who posted that... to be blunt.... they are wrong. Unless what they mean by competing is 'all single family properties within the neighborhood'.