- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Property Appraisal Question
Posted on 11/15/23 at 8:34 am to biglosdaddy
Posted on 11/15/23 at 8:34 am to biglosdaddy
quote:
My question: is that a fair comp?
Usually when comps have weird factors to them, the appraiser is using extra comps to support valuation.
My point being that the "packaged sale" probably isn't being used very heavily in the valuation but as a supplemental data point.
How many comps did the appraiser use?
3? You would have a legitimate gripe
4? The appraiser is grasping for extra data. Is the packaged sale close to the other 3 sale prices?
5+? Very little weight was given to your comp. It was probably added for 1 particular purpose in order to answer a potential underwriting question that could bounce back after review of the appraisal (bracketing. Most recent sale data. Same s/d., matches unique feature of subject property)
1
Posted on 11/15/23 at 11:46 am to meansonny
quote:
Good morning,
Just a reminder that we will have PSR tonight at our usual time. This will be the last one before Thanksgiving break!
You are welcome to join us next Thursday at 9:00 AM for our Thanksgiving Mass! Put your turkey in the oven and come join us!
If you have any questions, feel free to let me know!
In Christ,
Carlos
Used 3 comps. The packaged one was $10,000 lower than the other 2 comps. Also took off $4500 from another one for "upgrades" that was also did in ours.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News