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The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. Repeat sales analysis, which involves identifying properties sold more than once during the analysis period, can also be effective.
Appraisers sought to bracket the subject using three comparable sales. Like the bedtime story of Goldilocks and Three Bears, appraisers sought to identify three sales like the porridge Goldilocks finds in the home of the three bears: one hot, one cold, and one just right. Worth reading.
Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in Housing Market? December 13, 2024 Whats in This Newsletter (In Order, Scroll Down) LIA ad – Each appraisal is unique The Ultimate Guide to Unique PropertyAppraisals Americas Most Expensive Property Is Sitting in a Flood ZoneWill Anyone Buy the $295 Million Estate?
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