Value vs Value

[sputnam]

You may want to avoid answering that question. Instead, defend your report. Explain how and why you researched data, selected comparables, extracted adjustments, etc. In other words, do what we are always supposed to do... Support your opinions and conclusions. Most knowledgeable people would probably tell you that 5% is within the typical margin of error.

 

[Cob]

Your assignment was to perform an appraisal, not to comment on another persons appraisal report, that's what I would relay to them, this is why I don't complete these assignments any longer, you are usually asked to do a lot of other things after the appraisal has been completed, that usually have nothing to do with the appraisal report you completed.

 

[JTip]

I know mine is the best.

I would have to review the other appraisal to tell you why. That will be $xxxx and two weeks.

 

[sputnam]

You can't say which one is better. All you can do is provide additional information regarding the extent of your data gathering and analyses and talk about the methods you used. If your Client really wants someone to tell them which is 'better', they should engage an experienced review appraiser to do a side by side review. The reviewer won't say 'better' but, he/she will say which appraisal report is more credible.

 

[J Grant]

You had this same thread topic on here a week ago.

 

[Terrel L. Shields]

My reply, "I am always right and never lie."

Actually, what is the percentage difference between the two? I'd say that if less than 5%, I would argue that it is within the margin of error, and I'd calculate a margin of error and say so.

How to Calculate Margin of Error in Excel?

If you need to calculate margin of error for your data, you may be wondering how to do it in Excel. Thankfully, Excel provides an easy way to calculate margin of error for any dataset. In this article, we’ll show you step-by-step how to calculate margin of error in Excel, as well as provide a...

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[alebrewer]

Heck - my own range of reconciled value can be 5% depending on the complexity of the assignment...