The current residential form (the URAR) neighborhood section is well designed – for data the way it was 40 years ago, filled in on a typewriter, with no software ability to summarize, graph, or map data. Do We Need a Neighborhood Section? Part I is here. As complete market data was rarely available, (and difficult […]
Market area, District, Neighborhood – what do our directives say? Let’s take a look at standards, education, regulations, and the GSE (Government Sponsored Enterprises). First, let’s set a goal: What is the ideal comparable data to analyze? How big, how similar, and how competitive should it be? Read Part I and Part II of Do […]
The neighborhood section of appraisal reports is pretty much protocol. We have asked how a report on the neighborhood may or may not contribute to valuation value or reliability (risk) estimates. We continue to consider how traditional practice helps or hinders adoption of modern process technologies. As always, we have found it is important to […]
Neighborhood” seems like an obvious choice for analysis. But is it? (Part 5 of a series.) The knee-jerk reaction to this question is that obviously we need it. It is a starting core of analysis. It’s what we were taught. It’s required for our license test. Leaving out a neighborhood section (form or narrative) would […]
Editor’s Note: This is Part 6 of the series on Neighborhood. We’re told we should analyze a neighborhood. This is mostly a residential concept. For non-residential appraisal the focus is often a “district” – a group of similar property uses. (Rather than a group of complementary uses.) In previous Analogue Blogs, we have looked at […]