hglenbetts
Senior Member
- Joined
- Dec 3, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Michigan
Just had an underwriter request "all statistical data supporting analysis of stable mkt"
My analysis was a chart showing 3 years of sales data in the subject neighborhood with graphs showing sales (High, low and Median), DOM and $ per sqft. (All quite stable, by the way)
My narritive for market condition, stated that the Stable market condition was unique to the neighborhood of the subject and comps, and some other neighborhoods within the municipality, but that the County, region and State are all in decline.
Do I make the 15+ pages of raw data taken from the MLS part of the report?? or provide it seperately as a supplement?? This is the first time that I've had an UW question my data.
My analysis was a chart showing 3 years of sales data in the subject neighborhood with graphs showing sales (High, low and Median), DOM and $ per sqft. (All quite stable, by the way)
My narritive for market condition, stated that the Stable market condition was unique to the neighborhood of the subject and comps, and some other neighborhoods within the municipality, but that the County, region and State are all in decline.
Do I make the 15+ pages of raw data taken from the MLS part of the report?? or provide it seperately as a supplement?? This is the first time that I've had an UW question my data.