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Digressing ony a bit . . . I just read a section of an onlline Expert Witness continuing ed class that cited the need to well-define the "Intended User" in order to know what details to include in the report that should be written so every Intended User can undertand it. It kinda makes sense although the explanation is different than anything I ever considered before.
I've yet to see a market that consistently increased over 1% per month - even in spring - with the exception of a the higher end market of Bentonville, Rogers, and Fayetteville, which are markets I never work. Even in those areas, the commercial markets are rising perhaps 4-6% annually, and overall figures for agri properties are pretty uniform. Also, outside the lake markets we don't have a big seasonality to sales. Yes, increases in spring for residential but we also build year around, and sell year around. Agri properties are generally sold year around. Refi's OTOH, tend to work around school, and harvest /planting times. Refi farms now are not common as everyone is in the hay trying to get it going and fall is harvest time for second crop as well as calf weaning and herd culling time.
I was taught that from the beginning of my time as an appraiser.... only it wasn't framed around Intended Use. I was taught that reports should be written so that anyone who reads it understands what you did and why you did it.... Even if they don't agree with your conclusions. I always took that to mean... anyone who had access to a dictionary.
I think I have the winning answer.......
However, it is as though the 1004, etc., form reports aren't entirely conducive [see dictionary] to do so. I inevitably find myseslf searching subconsciously for the right place to discuss the residential property including the improvements, usually referring to the "adverse site conditions" as the section where I describe the physical characteristics of a property. The damn "Condition" text box is so small that my aging eyes have to struggle to populate the info; and then I usually do it all over again in the intro to the SCA, as well as the CA. I'm not complaining, just . . . complaining . . .
I've never experienced underwring concerns about the impact of across-the-board adjustments that pertain to the market...
In the past four years of making market condition adjustments, I had only one UW to stip me on what Dough posted. I got stipped for making market condition adjustments in the 0-90 day time period.
I like to make reference to the "Informal industry guidelines" of 10%, 15%, and 25% . . . although the UAD Review Master seems to cite users who breech other (also presumably informal) thresholds?
