Underwriters and their hang up with Predominant Value

[Wayne Tomlinson]

Hal,
You did not express the range of that disability,

Wayne Tomlinson

 

[Mztk1]

Well I'm glad you guys "got" that PE was joking. I thought that was his actual response. I bet Adept thought so too. You know PE you should really put smiley faces or something on those posts so we know you are joking. One of the newer appraisers on the board might take it seriously.

 

[Karl]

Think how many have already cut and pasted that into the reports.

 

[PropertyEconomics]

Well I'm glad you guys "got" that PE was joking. I thought that was his actual response. I bet Adept thought so too. You know PE you should really put smiley faces or something on those posts so we know you are joking. One of the newer appraisers on the board might take it seriously.

Leave it to someone to come in and poo poo the idea of Mental Incurable Obsolescence ... so sad.

PS ... To those that may have used it within a report, I have not been paid to be their mentor. If they didnt get it, probably shouldnt be in the business anyway. My guess .. MIO ... .

 

[Mike Boyd]

You have ALL missed the point. You have done a thorough job explaining the market conditions and why the subject falls outside the predominant range.

All they really want to see is a short statement by the appraiser that acknowledges the final value is outside the predominant range but marketability is not affected. (Unless, of course, it IS affected. If so, then you must demonstrate in the report what has to be done to cure that problem)

 

[PropertyEconomics]

You have ALL missed the point. You have done a thorough job explaining the market conditions and why the subject falls outside the predominant range.

All they really want to see is a short statement by the appraiser that acknowledges the final value is outside the predominant range but marketability is not affected. (Unless, of course, it IS affected. If so, then you must demonstrate in the report what has to be done to cure that problem)

Mr Boyd .. please see the first (serious) paragraph of my original posting. I believe that is exactly what I stated.

 

[Mike Boyd]

Mr Boyd .. please see the first (serious) paragraph of my original posting. I believe that is exactly what I stated.

You're right and I apologize.

 

[Artemis Fowl]

Just another reason why I ALWAYS express the "predominants" on the forms as a range.

Ditto
67890

 

[PropertyEconomics]

You're right and I apologize.

No need to apologize Mike ... just a little serious followed by a little humor. Present company excepted, I guess my humor was lost on some. For that, I fear it is I that needs to apologize.

 

[Hamlet]

No need to apologize Mike ... just a little serious followed by a little humor. Present company excepted, I guess my humor was lost on some. For that, I fear it is I that needs to apologize.

We have to apologize for our bad jokes now? Uh oh, boy am I in trouble!

Actually, I thought your joke was hilarious!