Sales Grid Adjustment Comments

[ucbruin]

Nothing wrong with boilerplates. Everyone uses them. All my reports have my name on it already. Why would I type it in every time??? The problem comes when the boilerplate is not adequate or it does not represent the correct situation. Skippies often use generic templates that don't give adequate analysis. That's where the criticism comes in.

How does a boilerplate "give adequate analysis"??? Especially the example provided by Rex????
It's always the other appraisers....
The skippies....

Through the use of paired sales when available within a particular sub market, the use of sensitivity analysis when appropriate, interviews with RE agents, potential buyers and sellers, RE investors and other market participants the appraiser has developed adjustments within local market sub markets (size, lot size, price range etc) that are reflective of typical market participants reaction to the various differences in amenities, condition, quality etc. Adjustments are not necessarily "derived or developed" for each individual appraisal report in a vacuum, but are derived and developed over a long period of time of analyzing similar properties in a particular market sub segment repetitively.


The last sentence is a short and efficient phrasing....
Eliminate the rest of the boilerplate....

Why do old time appraisers feel it appropriate to provide new appraisers with their old time boilerplates????
Or at least give a disclaimer that the examples are boilerplate...





I just noticed that your avatar and the dancing fool appear quite similar?????

 

[ucbruin]

Yes, I was kidding with him

Then I apologize to both you and Webbed Feet regarding your post....

 

[residentialguy]

The last sentence is a short and efficient phrasing....
Eliminate the rest of the boilerplate....

Why do old time appraisers feel it appropriate to provide new appraisers with their old time boilerplates????
Or at least give a disclaimer that the examples are boilerplate...

You don't seem to grasp the idea of an example and tweaking it. If they did not use sensitivity analysis, interviews with RE agents, potential buyers and sellers, RE investors and other market participants, etc, then you would not state that. Therefore, since you don't seem to grasp that, the fool part of dance fool and you personally appear quite similar...as opposed to avatars.

However, I don't think you're a fool...you just like to stir the pot

 

[Mike Kennedy]

Extraction.

"This method is described in detail in The Appraisal of Real Estate, 14th Edition (as “grouped data analysis” starting on page 398) and is not a new technique, but one that appraisers may find useful in their daily practice. It can work well because if the appraiser uses care in the isolation process, the sheer number of sales will provide a range of answers, which can then be used for extraction, and support of that particular adjustment."

ETC.

http://www.workingre.com/extracting-adjustment-one-way-measure/

 

[ucbruin]

You don't seem to grasp the idea of an example and tweaking it. If they did not use sensitivity analysis, interviews with RE agents, potential buyers and sellers, RE investors and other market participants, etc, then you would not state that. Therefore, since you don't seem to grasp that, the dancing fool and you personally appear quite similar...as opposed to avatars.

Rhetorical question....

How often do you believe that "example" is tweaked???

 

[residentialguy]

Rhetorical question....

How often do you believe that "example" is tweaked???

I tweak it whenever the tweak is needed.

 

[ucbruin]

I tweak it whenever the tweak is needed.

I believe we ALL tweak our boilerplates when needed!!!!

Skippy, jiffys, and good appraisers....
All based on need, which requires analysis......

 

[Howard Klahr]

That is how property flippers make so much profit, they put in 20k cost improvements and get 60k back in sale price

Actually, that is not how it works at all. The differential in cost is actually extracted from the acquisition of the property not in the re-sale. You know, the "as is" valuation concept.

 

[Artemis Fowl]

Actually, that is not how it works at all. The differential in cost is actually extracted from the acquisition of the property not in the re-sale. You know, the "as is" valuation concept.

...and queue the 3page wall of self-contradicting text...

 

[residentialguy]

I believe we ALL tweak our boilerplates when needed!!!!

Skippy, jiffys, and good appraisers....
All based on need, which requires analysis......

No, they don't. Hence why they are called skippies...they skip required analyses