Where Do You Think "geographic Competency" Begins And Ends?

[bnmappraisal]

I checked the first 2 boxes

I feel comfortable in those areas.

With some time, I feel I may be able to complete an assignment in another county I'm not very familiar with, but again ... that would take some time.

FWIW, "assignment" to me in this poll I'm assuming is not a review assignment, but an assignment with an OMV - i.e. 1004/GPAR type assignment of a SFH

 

[Terrel L. Shields]

More specifically, US Senators:


And you can believe me...because I never lie, and I'm always right.
-- Firesign Theatre

 

[George Hatch]

It's important for the people tallying at the anywhere/anytime line at the bottom to check every box so we can see where the entire group thinks it begins and ends. The group checking the neighborhood is a subset of the group checking the city, which is s subset of the county, which is a subset of the region, which is a subset of the region. Regardless how many people at the bottom, the entire graph should look like the inverted pyramid.

 

[residentialguy]

I chose "I am capable of figuring out a typical SFR property almost regardless of where it is" It's the closest to my situation. You didn't list "I already am competent with every property in every state" as an option.

 

[Meandering]

Since we are now arguing the absurd I have amended my assumptions to preclude having to move to each and every neighborhood you appraise in.

You could always try to respond to the question in good faith.

I did respond in good faith,
it was you that threw in the silliness.

IAll I'm asking about is the geographic variable.
How hard do you think it would be to figure out if a 1500sf dogbox on a 7000sf subdivision parcel was typical for it's location?

Like all appraisal answers, that depends on many factors, typical of all properties whether listed and sold or not? You would not have a clue if you were not Geo-competent and knew the neighborhood. Typical of what's sold and listed, maybe, but then you would not know if the majority of the neighborhood is something more stable in occupancy, than what has been sold and listed. And then we have to question if the subdivision is similar to other subdivisions, which you still need Geo-competency to know, and, you also need to know if your 1500sf dogbox on a 7000sf subdivision parcel is in proximity to the area's largest employer that just announced a layoff, which, you also would not know, without Geo-competency. And, sadly, you would not know if much of the shadow inventory in a neighborhood has recently become off market rentals, or if your dog box is next door to a nuisance neighbor, or is stigmatized.

So how hard is it to know these things? Depends on the amount of research needed to identify the nuances. Can it be done? Sure, drive on over to the neighborhood, take a look, speak to the neighbors and the agents, read the newspapers, talk to he waitresses at the local diner. Do able, but time and money are always a factor. Could I "figure out" your neighborhood? Most definitely. Would anyone sufficiently pay me for the time and expenses to do so? Not for an SFR. Could I figure it out just cause I'm bored and have nothing better to do? probably not, because there is no motivation, nor reason that would compensate for the opportunity cost, lost, by not being available in the areas I already have competency in.

.

 

[Riick]

How many angels can dance on the head of a pin, and how many on the point of a pin?
I moved from one State to the adjacent State, got new license, and learned the territory.
Because I now lived in a new State did that make me geographically competent there?
Of course not, I made myself geographically competent

 

[residentialguy]

you would not know if much of the shadow inventory in a neighborhood has recently become off market rentals, or if your dog box is next door to a nuisance neighbor, or is stigmatized.

Some of us have moved on from pony express and have cell phones and the internet to find things like that out. And no one knows if a neighbor is a nuisance unless you happen to find that out on the inspection or verification process.

 

[Elliott]

Of the few things USPAP got right, is the requirement that we determine our competency is one of the best. Can it be abused....of course, but live your appraisal life at your own peril. I use "not geographically competent" to get rid of assignments. When times were lean there were appraisers who maintained on AppraiserUSA they were competent in 5 Oregon counties.....that's not really possible.

I'd think a residential appraiser who said they were competent in Inyo County is not very smart. Much more challenging to say your competent in all of San Bernardino County or Riverside County. Where's that NY appraiser who only used public transportation to do inspections?

 

[Terrel L. Shields]

Regardless how many people at the bottom, the entire graph should look like the inverted pyramid.

What about a market like the OK panhandle? 30,000, 22,000 live in Guymon. Rest is small and large acreage tracts. Basically outside this one town you have 1.4 person per sq. mile. There are rural properties, a few villages, and one small town. Subdividing much is pointless.

 

[residentialguy]

What about a market like the OK panhandle? 30,000, 22,000 live in Guymon. Rest is small and large acreage tracts. Basically outside this one town you have 1.4 person per sq. mile. There are rural properties, a few villages, and one small town. Subdividing much is pointless.

See...you've already become more geographically competent!