Patty Singley's Friends

View All

Patty Singley's Groups

FHA Appraiser Tech Sup...

68 members
AppraisersInformationN...

18 members

California appraisers

36 members

View All

Patty Singley's Discussions

Time adjustments
5 Replies

Started this discussion. Last reply by Bill McKnight Mar 21.

View All

Patty Singley's Page

Gifts Received

Patty Singley has not received any gifts yet

Give Patty Singley a Gift

Latest Activity

Patty Singley commented on Cynthia's group 'AppraisersInformationNetwork'

Cynthia, Thank you for the invite. Your comments/information has been most helpful to me.......though the reviewer didnt care =) I understand you are in Folsom. Where are your REAA meetings. I have little local connection to appraisers and would b...

October 20

Bill McKnight and Patty Singley are now friends

March 21

Bill McKnight replied to Patty Singley's discussion 'Time adjustments'

That's good, a reasonable alternative to spreadsheet analysis. I use COE or recording date for my sale date because I work in the same market as Cynthia. As she states the final price and terms are often very different from the original "meeting o...

March 21

Patty Singley replied to Patty Singley's discussion 'Time adjustments'

Bill, Over the past year, I have been manually crunching numbers based on closed MLS sales for each specific area I work. Neither of the MLS I use are capable of exporting data to a spreadsheet(though I am a spreadsheet moron). I do quarterly comp...

March 21

Patty Singley replied to Patty Singley's discussion 'Time adjustments'

Thank you Cynthia, I experience contract renegotiations to the end of escrow in many sales in my area as well. Your comments are very helpful and I will include the explanation in my future reports. Patty

March 21

Bill McKnight replied to Patty Singley's discussion 'Time adjustments'

How do you arrive at your rate of adjustment? Are you developing a regression based on market data or using Data Quick or public records to set your rate? Those things need to be validated and verified too.

March 21

Cynthia replied to Patty Singley's discussion 'Time adjustments'

Hi Patty There is not a written rule, like many things our markets dictate which makes sense. While FHA asks us to make adjustments from the contract date our market here is seeing contracts renegotiated right up to the close of escrow so it no l...

March 20

Patty Singley added a discussion

Time adjustments

I have recently received two field reviews of my work by LSI which contested my method of time adjusting. I was taught to adjust to the close of escrow date. My reviewer adjusts to contract date, and tends to pick comparables which were under cont...

March 20

Comment Wall (1 comment)

You need to be a member of The Appraiser's Water Cooler to add comments!

Join this Ning Network

At 8:30pm on January 3, 2009, Eriq Felder said…: Happy New Year! I am sure everyone is slow right now, but do you have any creative ideas on getting some business?