Adjustment Support in the Direct Comparison Approach

Adjustment Support in the Direct Comparison Approach

This one-lesson course examines "best practices" for adjustment support in appraisals, when applying the direct comparison approach. In recognition of the time and data constraints appraisers face, the course explores practical methods for supporting and substantiating adjustments -- advancing beyond the "guesstimates" that are all too common in the field. The course emphasizes a "hybrid technique" that combines aspects of both quantitative and qualitative adjustment methods, reaching conclusions that are both defensible and realistically attainable.

Course Outline

FOREWORD - Introduction To Professional Development Courses

LESSON 1 - Adjustment Support in the Direct Comparison Approach: Hybrid Adjustment Technique

Instructor’s Comments
Preamble: Why is this course necessary?
What is the Hybrid Adjustment Technique?
Support for the Hybrid Adjustment Technique
Detailed Hybrid Adjustment Process
Identification of Best Indices (Comparables)
Adjusting for Market Conditions
Adjusting for Location
Adjusting for Size
Qualitative Portion of Hybrid Adjustment Technique
Case Study: Hybrid Direct Comparison Adjustment Technique
Quantitative Analysis
Qualitative Analysis
Conclusion: Hybrid Adjustment Technique
Review and Discussion Questions
Appendix A: Quality Point Technique

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