NewYork895 - That's true . . . but it can be a valuable took in more active urban markets. Regression and other statistical tools are used by assessors, commercial appraisers, and other real estate professionals across America. Just because it doesn't work in a particular market because of density or lack of activity doesn't mean that it has no value.
REGREESION ANAYLSIS DOES NOT WORK WHEN THERE ARE ONLY 8 SALES IN A 70 SQUARE MILE SUBJECT MARKET WITH 1,500 HOUSING UNITS. AVMS DON'T WORK IN MY RURAL AREA WHWERE YOU COULD HAVE A $1,000,000 HOME A QUARTER OF A MILE AWAY FROM A SINGLEWIDE TRAILER.
"needs a little TLC", "AS-IS"...all great terms that real estate agents love to use. MLS is a good source for identifying the sales, but we all have to remember that it's the real estate agents who are putting the information in MLS. The last thing they want to put in there is "holes in the walls, missing water heater" this isnt going to get people looking at the property and therefore they arent going to get their sale. An onsite walkthru by an independant appraiser should always be done.
This lady sucks. Obviously she talks non-sense. I hope the board of real estate appraisers in california conducts an overhaul of these so called experts in continuing education programs for appraisers.
Inspecting a home by walk through, location, curb appeal, actual measurement, utility, interior condition etc. can only be made by a human and that can never be altered.
Who's to say that the MLS data on those 300 comps is correct? And, for all you appraisers out there, a bracketed sales comparison analysis IS a matched pairs analysis done to a practical level and it is the industry standard. In a bracketed analysis you can display the market consequences of unusual property charactoristics. The answer is YES I do matched pairs all day long. Still, I want her product and I'll use it to bolster my reports in these troubled times.
If you want it done right, have an appraisal on site and done right. With litigation work that I have done and reviewed AVM data, it is 20% off. Also, one should question what they were charged for. Did the get charged for a real appraisal $300-450, or for a $25-50 AVM and got charged for $300-450. Did you get a copy of that appraisal?
sometimes too much information will lead you to second guess the way you will approach and conclude your findings when completing a real estate appraisal....I see a time when the human appraiser will no longer be needed and the appraisers themselves will most likely be to blame.
NewYork895 - That's true . . . but it can be a valuable took in more active urban markets. Regression and other statistical tools are used by assessors, commercial appraisers, and other real estate professionals across America. Just because it doesn't work in a particular market because of density or lack of activity doesn't mean that it has no value.
homeappraiser 1 year ago
REGREESION ANAYLSIS DOES NOT WORK WHEN THERE ARE ONLY 8 SALES IN A 70 SQUARE MILE SUBJECT MARKET WITH 1,500 HOUSING UNITS. AVMS DON'T WORK IN MY RURAL AREA WHWERE YOU COULD HAVE A $1,000,000 HOME A QUARTER OF A MILE AWAY FROM A SINGLEWIDE TRAILER.
NewYork895 1 year ago
Comment removed
conwayblue 1 year ago
She has no idea what she is talking about!
scottwoy1000 3 years ago
"needs a little TLC", "AS-IS"...all great terms that real estate agents love to use. MLS is a good source for identifying the sales, but we all have to remember that it's the real estate agents who are putting the information in MLS. The last thing they want to put in there is "holes in the walls, missing water heater" this isnt going to get people looking at the property and therefore they arent going to get their sale. An onsite walkthru by an independant appraiser should always be done.
Auger1981 3 years ago
This lady sucks. Obviously she talks non-sense. I hope the board of real estate appraisers in california conducts an overhaul of these so called experts in continuing education programs for appraisers.
juframo63 3 years ago
Inspecting a home by walk through, location, curb appeal, actual measurement, utility, interior condition etc. can only be made by a human and that can never be altered.
olajs99 4 years ago
Who's to say that the MLS data on those 300 comps is correct? And, for all you appraisers out there, a bracketed sales comparison analysis IS a matched pairs analysis done to a practical level and it is the industry standard. In a bracketed analysis you can display the market consequences of unusual property charactoristics. The answer is YES I do matched pairs all day long. Still, I want her product and I'll use it to bolster my reports in these troubled times.
hgsenter 4 years ago
If you want it done right, have an appraisal on site and done right. With litigation work that I have done and reviewed AVM data, it is 20% off. Also, one should question what they were charged for. Did the get charged for a real appraisal $300-450, or for a $25-50 AVM and got charged for $300-450. Did you get a copy of that appraisal?
atvappr 4 years ago 2
sometimes too much information will lead you to second guess the way you will approach and conclude your findings when completing a real estate appraisal....I see a time when the human appraiser will no longer be needed and the appraisers themselves will most likely be to blame.
Essemsee 4 years ago