About Matt Clark

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So far Matt Clark has created 116 blog entries.

The Neighborhood – Part 12

What is a Neighborhood Description and why is the appraiser being asked to offer additional narrative comments?  When I first began my appraisal practice there was a very knowledable man named David Miester who taught me the basics of communicating the analyses conclusions.  It was early on before certification when I was learning [...]

By | August 8th, 2017|ABC Tips|

The Neighborhood – Part 11

Present land use is the subject of our “Tip” this week.  It seems simple enough.   I look at the box on the form, think about all the houses in the neighborhood, whether I’m in an urban, suburban or rural market and make sure my percent totals 100%.  No biggy, right?  Sorry guys, it [...]

By | August 2nd, 2017|ABC Tips|

The Neighborhood – Part 10

This week the focus of our discussion is in the neighborhood block that reports the price and the age range.  Conventional guidance states, “An appraiser must indicate the price range and predominant price of properties in the subject neighborhood.  The price range must reflect high and low prevailing prices for one-unit properties, two-to [...]

By | July 26th, 2017|ABC Tips|

The Neighborhood – Part 9

We’ve spent the last few weeks talking about the One-Unit Housing Trends, conceptually and specifically.  This week is the connection of the stated conclusions and the 1004MC. As you recall last week the guidance we reviewed from Advisory Opinion (AO) #7, it stated, “An Appraisal Report should include a summary of the analysis [...]

By | July 18th, 2017|ABC Tips|

The Neighborhood – Part 8

The last item to be addressed in the One-Unit Housing Trends is Marketing Time.   The guidance of the Appraisal Standards Board (ASB), in Advisory Opinion (AO), #7, helps us understand what that time represents.  “The reasonable marketing time is an opinion of the amount of time it might take to sell a real [...]

By | July 12th, 2017|ABC Tips|

The Neighborhood – Part 7

A major influence on the value of any real property is demand.  Demand, affects the price when the supply is less than the demand.  In the One-Unit Housing Trends section in Neighborhood, as of the effective date, the results of the analysis of supply and demand is reported.  Theoretically the demand for real [...]

By | July 3rd, 2017|ABC Tips|

The Neighborhood – Part 6

Ready to jump on the bus and ride the One-Unit Housing Trends part of the trip through the Neighborhood?    Recognize first that market trend analysis isn’t limited in its study to the reported three results.  These three conclusions of your trend analysis fit into the formula of risk to the lender and as [...]

By | June 27th, 2017|ABC Tips|

The Neighborhood – Part 5

Hold on to your hats guys and gals, we’re about to enter one of the most controversial, arguable section of the Neighborhood Characteristics, i.e. “One Unit Housing Trends”.  Up to this week’s discussion we’ve covered neighborhood boundaries, and defining the Neighborhood Characteristics.  The focus for the next three to six weeks will be [...]

By | June 21st, 2017|ABC Tips|

The Neighborhood – Part 4

In the discussion of the Neighborhood Characteristics, the topics covered have been the boundaries, defining and the Neighborhood Characteristics up through the Percentage of Built Up.  The focus of this week’s ABC Tip of the Week is to finish out those Characteristics on Growth. It’s always been an area that I personally struggled [...]

By | June 13th, 2017|ABC Tips|

The Neighborhood – Part 3

I’ve been discussing Neighborhood Characteristics, including the boundaries and defining the location.  The last item in that block of Neighborhood Characteristics is the Percentage of Built Up.  That’s the focus of this week’s ABC Tip of the Week. There are two connections to this box “built-up”.  The first connection is to the boundaries [...]

By | June 6th, 2017|ABC Tips|