This e-book explores the complexities of making adjustments in the Sales Comparison Approach to residential real estate appraisals, offering both traditional and less commonly used methods. It covers key techniques like paired sales analysis, market extraction, and how the cost approach can support adjustments, as well as introduces price per square foot analysis and group averaging as valuable supplementary methods. With clear explanations and a video download that explains the paired sales technique, this e-course provides an introductory, but thorough guide on how appraisers develop well-supported, data-driven adjustments that ensure a more accurate and reliable indication of value for the subject property.
Designed to bridge the communication gap between appraisers and users of appraisal reports, this e-book emphasizes transparency, ethical standards, and is presented in a simple format. It was written to assist clients, attorneys, homeowners, and even fellow appraisers understand the reasoning behind adjustments as well as how the adjustments are supported. By clarifying established methodologies with alternative approaches, this book aims to enhance the understanding of the residential appraisal process.
Megan Johnson Judd, SRA
In her 30th year as a real estate appraiser, Megan is the President/Senior Appraiser of Metropolis Real Estate solutions, LLC, a full service brokerage and appraisal firm. She has been appraising residential properties in Central Florida and is a court appointed expert, and creator of Appraisal Basics. Megan has been managing her own appraisal firm since 2001, she is experienced in performing all types of appraisals on all types of residential properties, but gets the biggest charge out of communicating what she knows with others.
Appraisal basics exists to answer the questions that arise over and over from agents, homeowners, attorneys, realtors and even other appraisers. After years of witnessing how frustrated the users of appraisals are with appraisers and the appraisal reports themselves, it dawned on Megan that having a central location, where the answers are plentiful and comprehensive, could help bridge the gap between appraisers and the public, thus the creation of the Appraisal Basics Facebook Group and education resource.