Appraisers Blog

APRIL 26, 2024

Comps oftentimes are 20 miles +. I cannot create a market which doesn’t exist. It is what it is or reconsider doing business in this market. Guidelines ask for best comparable for an area. That’s where the sales are located. I use the data present and make logical inferences and data to support. Same with the %.

Comps 70

Comps Marketability 70

Appraisers Blog

FEBRUARY 2, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Marketability Appraisal 57

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Marketability Appraisal 57

Appraisers Blog

FEBRUARY 2, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Marketability Appraisal 57

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Marketability Appraisal 57

Appraisers Blog

JANUARY 31, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Appraisal Marketability 57

Appraisers Blog

JANUARY 31, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Marketability Appraisal 57

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Marketability Appraisal 57

Appraisers Blog

FEBRUARY 3, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 57

Comps Appraisal Marketability 57

Appraisers Blog

FEBRUARY 11, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 56

Comps Marketability Appraisal 56

Appraisers Blog

FEBRUARY 6, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 56

Comps Marketability Appraisal 56

Appraisers Blog

FEBRUARY 10, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 56

Comps Appraisal Marketability 56

Appraisers Blog

FEBRUARY 6, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 56

Comps Marketability Appraisal 56

Benzinga

JULY 29, 2022

The 3% iPhone revenue growth is more impressive than its sounds, given it has come against a tougher 50% comps, he said. Visit Benzinga's Analysts Stock Ratings page for market-moving sell-side action. “The iPhone is stronger than an acre of garlic,” Munster said. Guidance Not An Area Of Concern: Apple’s guidance.

Comps 97

Comps Marketability 97

Appraisers Blog

MAY 4, 2023

The comps/market and analysis speaks for itself. Is the analysis sound, are the comps conditionally and locationally adequate and relevant to the subject. More redundancy and gobbledygook for USPAP. End of story. Who’s concerned about ethnicity or race and how can one appraise a property on that basis?

Comps 69

Comps Appraisal Marketability 69

Appraisers Blog

JUNE 15, 2023

There is an appraiser around me whom always uses 9-12 comps and then just scoots the ones which have narrower net/gross adjustments to the front, yet leaves the others in there, despite them having insane high net/gross adjusts and adjusted sales values which are at times a quarter or more difference. They’re like anti comps.

Comps 62

Comps Appraisal Marketability 62

Appraisers Blog

FEBRUARY 6, 2025

Just got an email from a lender asking me to search for comps and report results prior to any appraisal being ordered. I thought THEY were supposed to stop doing that. I’m just getting over a bad case of the flu. Maybe I’m hallucinating. Never mind.

Comps 56

Comps Marketability Appraisal 56

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 53

Comps Marketability Appraisal 53

Appraisers Blog

MARCH 7, 2022

The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market. For an appraiser to arbitrarily go into another area to get "comps" merely…. On January 4, 2021, the…. Our Job Is to Observe & Report Our job is to observe and report.

Comps 91

Comps Appraisal Marketability 91

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 52

Comps Marketability Appraisal 52

Appraisers Blog

APRIL 13, 2024

An appraisal is an opinion (among other things) of … Scope of Work The contract The neighborhood The site, including H & BU The improvements (condition, deficiencies, adverse conditions and conformity) The selection and adjustment of comparable sales The analysis of prior subject and comp sales Market Value indicated by the Sales Comparison (..)

Appraisal 67

Appraisal Comps Marketability 67

Appraisers Blog

JUNE 15, 2023

Perhaps there is but I like to reiterate that after extensive market review, I have selected the most meaningful most pointed sales for detailed grid analysis. A lot of times I’ll roll to the field with 8-12 possible comps. In reply to Spencer Paul. To say sample implies there are other options.

Comps 60

Comps Marketability 60

Appraisers Blog

JUNE 28, 2024

The problem is that many reviewers lack the knowledge of the market area and have not “been there” CU,,HA,, ya thats a laugh! CU also has NOT visited the subject property nor the comparables and has not determined or provided evidence that the “comps” that are better than the ones initially provided in the report.

Appraisal 69

Appraisal Comps Marketability 69

Appraisers Blog

SEPTEMBER 19, 2024

Other modules will sift through all local MLS data, identify the best 6-10 comparable sales, generate market statistics, and export automatically adjusted comp sale data. Your LLM will then automatically export descriptive text and image data to the new appraisal software that’s currently being developed.

Appraisal 71

Appraisal Comps Marketability 71

Appraisers Blog

APRIL 18, 2022

…a brilliant ‘work around’ to solve the subject & comps adjustment issues, which Fannie Mae thinks is no big deal… Appraisers, I was chatting with an appraiser buddy last week about the ANSI measuring dilemma we all face when doing Conventional lending reports, which ultimately will wind up with Fannie Mae.

Comps 71

Comps Appraisal Marketability 71

Appraisers Blog

JANUARY 5, 2024

Because we refuse to sign off on their inflated figures which don’t comp in the market. It’s a miracle with some of these lackluster methods that agents even come close to market value figures. Those are subjective points though. I’ve been reading a lot of bpo’s over the past few years.

Appraisal 63

Appraisal Comps Marketability 63

Appraisers Blog

AUGUST 4, 2023

I saw the most important parts of the first appraisal and ran comps. The first appraisal looks like market value to me. Definitely not an appraiser or real estate expert. No one has seen the second appraisal. No one can make that statement. ” 2

Appraisal 61

Appraisal Comps Marketability 61

Appraisers Blog

JUNE 18, 2024

They could ask for a comp search before ordering the appraisal, so the borrower would know ahead of time a reasonable value range of their property’s market value. Or we could go back to mortgage bankers and appraisers having direct communication and meaningful professional relationships, better two way accountability.

Comps 61

Comps Appraisal Technology Marketability 61

Appraisers Blog

OCTOBER 6, 2023

I saw where somebody above commented that they had a complaint also and that FNMA was not accepting the comps they had used and wanted other comps that the appraiser considered to be not comps. I also see that somebody replied to his post that there had to be more to the story as that didn’t make sense.

Appraisal 69

Appraisal Comps Marketability 69

Appraisers Blog

APRIL 18, 2024

This is going to be the market for sometime, of which I do agree with you. Do work that other appraiser’s are not willing to do because they want to cherry pick work that are located in a single county that they live in and don’t have to drive more then 20 minutes for the subject and comps. Expand and find new clients.

Appraisal 67

Appraisal Comps Marketability 67

Appraisers Blog

JUNE 15, 2023

Good luck with the demented “current world order” Just finished some self storage work and included 25 rent comps in the report based on a survey I conducted. It lowers the opposing attorney’s ability of bringing up the issue of overlooked comps. Too many I guess, right David.

Comps 61

Comps Appraisal Banking Marketability 61

Appraisers Blog

AUGUST 8, 2023

Appropriate to land at or near the sale price if competent comps selection and fair transparent adjustments can lead to that end point of independent conclusion. Likewise on the other side of the coin when pressure is applied and expectations are not met; I do not set the market, I only read and report on relevant data.

Comps 84

Comps Appraisal Marketability 84

Appraisers Blog

JUNE 26, 2023

All else being equal, we don’t need massive market data sets and regression tech to point out simple price and value differences which are obviously attributable to the feature differences. Complex charts graphs and market presentations are simply not necessary for credibility in comparing well matched individual sale examples.

Comps 80

Comps Appraisal Marketability 80

Appraisers Blog

JUNE 14, 2023

Whatever happened to match pairing or market reaction? Every line item adjustment (no matter what it is) should be in terms of differences in VALUE recognized by the market you are appraising in NOT COST! MR. APPRAISER YOU ARE NOT THAT GOOD; YOU ARE NOT BETTER THAN THE MARKET! Dave, I could not agree with you more.

Comps 61

Comps Appraisal Marketability 61

Appraisers Blog

MAY 30, 2023

You’ve done the research, narrowed down the search results, selected appropriate comps. That’s your market, a micro view of it at least. If your adjusted values are in alignment after such reasonable adjustment applications, then you’ve achieved market reaction level adjustments.

Comps 62

Comps Marketability 62

Appraisers Blog

JUNE 12, 2023

The market flows and ebbs on many basis’s: Financial wherein the lender need to secure monies in R.E., Can’t the appraiser recognize that using two-year-old sales comp’s have meaning and be part of the value conclusion? In reply to Baggins. You get it! Did it close in 45 days or in ten months?

Appraisal 63

Appraisal Comps Marketability 63

Appraisers Blog

OCTOBER 20, 2023

Spent the majority of my career appraising both residential and commercial properties in a major metropolitan market. Of course there are those that say they no longer do originations work or agency work but the reality is, in most markets it’s near impossible to make a living exclusively with private clients.

Comps 55

Comps Appraisal Marketability Banking 55