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	Comments on: Geographical Competency	</title>
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		<title>
		By: Mike Ford		</title>
		<link>https://appraisersblogs.com/appraisal/geographical-competency/#comment-12612</link>

		<dc:creator><![CDATA[Mike Ford]]></dc:creator>
		<pubDate>Wed, 14 Oct 2015 16:08:21 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=3690#comment-12612</guid>

					<description><![CDATA[Right on the money Dustin! It is as true three years down the road as from when you first wrote this article. Another technique that has worked for many decades is fro the appraiser to spend enough time in an area talking with local brokers. Its COMMON in many markets to include multiple counties or even states (DC, MD &#038; VA or DE,NJ &#038; PA, etc.).

Back in the early days of mls computers where speed was measured in baud rate; and possession of one was not universal, it was common practice to either &#039;charm&#039; local agents; beg, or bribe them outright (ok, pay a fee for their time) for comp assistance AND a discussion of the local market we were operating in. It may cost a lunch. But it WORKED! Using sound, generally accepted appraisal techniques almost always negated being &#039;new&#039; to an area. You of course had to bill enough to spend that extra two to three hours dong interviews. THEN keeping an open mind when a dispute arose was critical! In fact I&#039;d argue going into unfamiliar areas is a GOOD thing for agents and developers since the appraiser was far less apt to be arrogantly dismissive of value objections.]]></description>
			<content:encoded><![CDATA[<p>Right on the money Dustin! It is as true three years down the road as from when you first wrote this article. Another technique that has worked for many decades is fro the appraiser to spend enough time in an area talking with local brokers. Its COMMON in many markets to include multiple counties or even states (DC, MD &amp; VA or DE,NJ &amp; PA, etc.).</p>
<p>Back in the early days of mls computers where speed was measured in baud rate; and possession of one was not universal, it was common practice to either &#8216;charm&#8217; local agents; beg, or bribe them outright (ok, pay a fee for their time) for comp assistance AND a discussion of the local market we were operating in. It may cost a lunch. But it WORKED! Using sound, generally accepted appraisal techniques almost always negated being &#8216;new&#8217; to an area. You of course had to bill enough to spend that extra two to three hours dong interviews. THEN keeping an open mind when a dispute arose was critical! In fact I&#8217;d argue going into unfamiliar areas is a GOOD thing for agents and developers since the appraiser was far less apt to be arrogantly dismissive of value objections.</p>
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		<title>
		By: Jennifer Cote		</title>
		<link>https://appraisersblogs.com/appraisal/geographical-competency/#comment-8329</link>

		<dc:creator><![CDATA[Jennifer Cote]]></dc:creator>
		<pubDate>Sat, 01 Dec 2012 01:37:56 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=3690#comment-8329</guid>

					<description><![CDATA[Exactly!  Well written and so true.  It seems the real estate world latched on to this a few years back because of the &quot;low&quot; value issue.
-appraiserJenn]]></description>
			<content:encoded><![CDATA[<p>Exactly!  Well written and so true.  It seems the real estate world latched on to this a few years back because of the &#8220;low&#8221; value issue.<br />
-appraiserJenn</p>
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		<title>
		By: Jack Schlenk		</title>
		<link>https://appraisersblogs.com/appraisal/geographical-competency/#comment-8325</link>

		<dc:creator><![CDATA[Jack Schlenk]]></dc:creator>
		<pubDate>Fri, 30 Nov 2012 18:15:05 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=3690#comment-8325</guid>

					<description><![CDATA[The city of Chicago has 77 MLS market areas. The high end properties are in the Area 8007, Lincoln Park, and Area 8008, Near North side. When the subject property is on the border line of two competing market areas what is the appraiser&#039;s comp search area?]]></description>
			<content:encoded><![CDATA[<p>The city of Chicago has 77 MLS market areas. The high end properties are in the Area 8007, Lincoln Park, and Area 8008, Near North side. When the subject property is on the border line of two competing market areas what is the appraiser&#8217;s comp search area?</p>
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