APPROPRIATENESS OF APPRAISAL TECHNIQUES AND METHODS Sample Clauses

APPROPRIATENESS OF APPRAISAL TECHNIQUES AND METHODS. Both appraisers used a conventional and totally appropriate method to value the subject. The sales selected were on the basis of similarity and direct comparison with the subject. In addition, the appraisers included sales that are slightly inferior and superior to the subject to allow for some bracketing of the sales with the subject also. Bracketing is an appropriate technique, especially if very similar sales for the subject cannot be found. In this case the bracketing is in support of the similar sales that the appraiser were able to make a direct comparison. The use of local contractors is preferable to the use of and only for the landscaping/tree was a local contractor used. This method is considered appropriate though; the accuracy of this method diminishes if the quality of the improvements require a large adjustment for depreciation. Given the nature of the improvements that do not sell on the open market, the appraisers had no choice but to use a cost service with a large depreciation factor. It is somewhat surprising that the fencing could not get a local contractor bid. However, it may be possible that no local fencing contractor was available to provide a timely bid within the project time frame. The comparable sales are appropriate by the time frame, location and similarity in features and use to the subject for bracketing or direct comparison. The photos and exhibits also have a sufficient degree of appropriateness, quantity and quality.
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