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Conditions in residential markets change quickly and the pace of change can create unique problems and challenges for real estate professionals. Residential appraisers now have a tool to meet these challenges—Valuation by Comparison, by appraiser and educator, Mark Rattermann, MAI, SRA.
Appraisers know that the sales comparison approach is the best and most logical way to value residential real estate, but what's an appraiser to do when markets are in flux, data are scarce, and traditional techniques don't work?
Valuation by Comparison explores the most fundamental role of the appraiser as an interpreter of human behavior. The text presents innovative strategies and techniques for distilling relevant information from comparable sales as well as less-than-perfect market indicators such as current listings, expired listings, and pending sales. Practical advice for making problematic adjustments is provided along with guidance on completing residential forms in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
“The marketplace often demands more from an experienced residential appraiser than "three comps and a cloud of dust." Valuation by Comparison provides appraiser/consultants with hands-on examples to help them better understand statistics and improve their research and analytical skills, and offers alternative ways to look at valuing residential properties. If you're involved in residential valuation, I highly recommend that you add this book to your library.”
Frank J. Lucco, CRP, SRA
Member Since 1979
About The Author
Mark R. Rattermann, MAI, SRA, is a senior partner with REsource, LLC, a real estate appraisal firm in Indianapolis. He is active in the Appraisal Institute education program and teaches at various real estate schools, trade associations, and community colleges in Indiana. He has written articles for The Appraisal Journal and is the author of Residential Sales Comparison Approach: Deriving, Documenting, and Defending Your Value Opinion.