Zoe
Elite Member
- Joined
- Sep 15, 2020
- Professional Status
- Certified General Appraiser
- State
- Tennessee
It must have been a pretty big adjustment. Should not be hard to summarize in revised report. Mark the report REVISION and explain the revision and resubmit with new signature date.
I use sensitivity analysis on some adjustments. That is the number that draws the indicated values closest together. Some line items it works well on are GLA, and condition. I don't use it much on condition. I use depreciated cost many times on condition. But almost always use sensitivity analysis on GLA.
Is your final value bracketed by sales prices and indicated values?
My point to you is just summarize whatever method you used to derive the adjustment. Your done. If it is land adjustment, say you used matched pairs or land sales.
Like somebody else said, don't be scared to change the value opinion if you have to at this point in time.
I use sensitivity analysis on some adjustments. That is the number that draws the indicated values closest together. Some line items it works well on are GLA, and condition. I don't use it much on condition. I use depreciated cost many times on condition. But almost always use sensitivity analysis on GLA.
Is your final value bracketed by sales prices and indicated values?
My point to you is just summarize whatever method you used to derive the adjustment. Your done. If it is land adjustment, say you used matched pairs or land sales.
Like somebody else said, don't be scared to change the value opinion if you have to at this point in time.
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