boundaries
187) Neighborhood Boundaries
12/18/07
Dear H2,
What is an acceptable example for the neighborhood boundaries and neighborhood description?
Jack jjackledford@carolina.rr.com
Dear Jack,
In my line-by-line guide, Harrison Illustrated Guide: How to Make a Single Family Appraisal on the URAR Form, on pages 13-16 & 13-17 I cover the subject of neighborhood boundaries. [You can buy the book from Forms & Worms: www.formsandworms.com]
Briefly what I say is that you should decide on neighborhood boundaries based on what you observe and are told. It is to the appraiser's advantage to make the neighborhood as big as possible thus being able to find more useable comparable sales without making a neighborhood adjustment.
In your report, you must either clearly describe the neighborhood boundaries or better still provide a map showing them.
H2
What is an acceptable example for the neighborhood boundaries and neighborhood description?
Jack jjackledford@carolina.rr.com
Dear Jack,
In my line-by-line guide, Harrison Illustrated Guide: How to Make a Single Family Appraisal on the URAR Form, on pages 13-16 & 13-17 I cover the subject of neighborhood boundaries. [You can buy the book from Forms & Worms: www.formsandworms.com]
Briefly what I say is that you should decide on neighborhood boundaries based on what you observe and are told. It is to the appraiser's advantage to make the neighborhood as big as possible thus being able to find more useable comparable sales without making a neighborhood adjustment.
In your report, you must either clearly describe the neighborhood boundaries or better still provide a map showing them.
H2