So Punk, Can You Prove Your Adjustments, Go Ahead Prove Them !

[Elliott]

Motto: "For every adjustment based on paired sales analysis, there are two buyer's who can shoot down the appraisers explanation for the adjustment." Do appraisers confirm pair sales adjustments?

 

[MNRural]

If every adjustment had to be proven, there would be no appraisals.

In court, the old time real estate guy or gal that speaks in generalities and is fairly competent looking comes across better than the nerd with facts and figures and big words to back everything.

 

[Deleted member 142783]

For every "proof" there is someone/some thing that will "disprove" it. It is support, not proof in my opinion, for whatever that is worth. I believe what they are looking for is support for the opinion, not irrefutable proof, since that seems impossible when humans buy with emotions. Doubt anyone is going to prove anything, nor that the GSEs expect proof. Question comes to what is support then. Is it "market reaction" without any information on how that was extracted? Is it data showing how one arrived at an adjustment, such as the spreadsheet showing regression analysis? Might be different for different underwriters of course, but my suspicion is that major elements of comparison that lack bracketing might cause the question of support, or adjustments that widen the unadjusted range might trigger that question.

I agree. Support, not proof...

 

[Koya]

If every adjustment had to be proven, there would be no appraisals.

In court, the old time real estate guy or gal that speaks in generalities and is fairly competent looking comes across better than the nerd with facts and figures and big words to back everything.

My mentor was over 75 years old, a stately white-haired gentleman, who could say he had been appraising for 50 years and had written a number of books on appraisal. Attorneys loved him because he could sit on a stand under questioning and say "Based on my 50 years of experience ..." provide no proof and get away with it.

 

[Tom4value]

I have been appraising for 26 years. All I can do is “support” my conclusions. In that time, when push comes to shove, I have only had to say a couple of times, “prove I am wrong”. Argument ends.