- Nov 1, 2006
- Professional Status
- Certified General Appraiser
............... I remember an AI instructor indicating that qualitative adjustments are the best route for appraisals going to court, and although many clients (and some appraisers) turn their nose to this method..........
I have seen my fair share of other appraiser's work. I have never seen a residential appraisal using qualitative analysis only, but I have written a couple. By far the best appraisal I have ever seen using qualitative analysis was from an MAI firm in the Detroit area. When I got done reading it I had no question to the value even though there was not one quantitative adjustment.
Most of my land and farm appraisals are written quantitatively for private parties and a couple lenders who keep the loans in-house. I can't remember the last time I did a land report for an AMC but I have read plenty of them and the "land form" used by most is terrible and I have never seen support for any adjustment in one of those reports.