Sf Adjustments

[miktay]

TSTM.


Umm. What does that mean?

Thirty Seconds To Mars.

 

[Terrel L. Shields]

Thirty Seconds To Mars.

Not a chance... Ms. Janet has read too many of my posts

 

[Mike Garrett RAA]

I think the smallest adjustment I have ever used was $10 per square foot and that was on a cabin. More typically is $20 to $30 in lower priced neighborhoods IN MY MARKETING AREA.

What you should be asking is...."how do I arrive at an adjustment that is supported by the market?". The answer to that is paired sales analysis. I know, I know...that is "old school" but it works and supports what you end up doing.

 

[Deleted member 128537]

Is it inappropriate to use a sf adjustment of $5.00 on a 600 s.f. dwelling that is inferior to other properties in the neighborhood? What comment would be appropriate?

Wow that sounds like a shack. Garage?

 

[J Grant]

The OP is missing in action. This happens frequently. I don't get it. People take time to answer, then nothing else from the person who asked the question.

 

[Terry Caldwell]

Going going...gone.

Too little info. What is the value of the house? Land? What is the age of the house. Is it a tear down? What are the living areas of the comparables? What are the comps selling for?

 

[Riick]

Seems awful low to me. A 10% difference in GLA would only be a $300.00 adjustment. Guess it would depend on sale prices of comps. On a 30K property that $300.00 would be 1%. On a 60K property it would be 1/2%. Pretty high degree of accuracy IMHO.

You should have been around in they days of $18,000 row homes in Philly