Value over highest comp

[Deleted member 80407]

I would leave the subdivision to demonstrate what house within the subdivision DON'T sell for. Bulletproof the report via that method.

Would you not have to perform an analysis for each market area (subdivision) as 1 sale in another subdivision does not demonstrate what a house within the subject subdivision does not sell for. In the MLS for Arizona, this is fairly easy as we have charts showing average and median sales prices. 1 sale in another subdivision maybe a high end indicator for that subdivision which may not be prevalent of that subdivision. When illustrating what you are suggesting, one must analyze a particular range set and compare it to a similar range set for the subject subdivision which is then market evidence for the difference.

 

[DTB]

Would you not have to perform an analysis for each market area (subdivision) as 1 sale in another subdivision does not demonstrate what a house within the subject subdivision does not sell for

Of course, I would demonstrate the values in each subdivision. Which, the way I used to work, would be quite easy to do as I would already have the data from prior reports.

 

[sputnam]

It's not unreasonable as the appraiser... if you can support your opinions and conclusions. The Lender is going to consider it entirely unreasonable.

 

[Zoe]

It's not unreasonable as the appraiser... if you can support your opinions and conclusions. The Lender is going to consider it entirely unreasonable.

Exactly. Save yourself some worry. Make life easier.

 

[Zoe]

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