I think this is a "local" problem. The form is looking for "trends" and when you have a small number for analysis, the trend tends to be questionable.
For me, in my marketplace, I want to explore what really happens in the marketplace. We as appr...
Hi Diana,
My PERSONAL view is that I never expand beyond the subject's market segment within the neighborhood for the 1004MC. I fill in zeros or ones in a lot of my 1004MCs. The reason I find this form such a time eater is that the 1004MC says tha...
In the case of Boise, Idaho where sales data can be extremely limited, I exspand my area and include the data from that search to fill out the 1004MC. I explain why the immediate neighborhood did not produce results and why I exspanded the search....
So here is the situation I have 4 comps none of which come from the subject's defined neighborhood. Due I use thsoe 4 comps to fill out the 1004MC and explan that none of them are in the subject's neighborhood but are still competitive to the subj...
Define "competitive to the subject", state the limitations of the data, complete the 1004MC with what you have, communicate to the client via your "addendum to the 1004MC addendum" and let them underwrite the risk.
Patrick Egger
Now that the 1004MC has been with us for almost a month I have a few questions. There appears to be 2 schools of thought when filling out the MC. One school of thought: Define the neighborhood and use what data is available in the defined neighbor...