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	Comments on: Truth About Price per Sq.ft. in Valuations	</title>
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	<description>Appraisal News and Tips for Real Estate Appraisers</description>
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		<title>
		By: Lee Mealone		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-30350</link>

		<dc:creator><![CDATA[Lee Mealone]]></dc:creator>
		<pubDate>Tue, 18 Aug 2020 06:33:53 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-30350</guid>

					<description><![CDATA[Sign them up for a remedial math course in &quot;Quantity of Scale 101&quot;]]></description>
			<content:encoded><![CDATA[<p>Sign them up for a remedial math course in &#8220;Quantity of Scale 101&#8221;</p>
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		<title>
		By: Ralph		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22777</link>

		<dc:creator><![CDATA[Ralph]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 23:49:48 +0000</pubDate>
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					<description><![CDATA[It’s a dumb metric for single family homes as it does not include site value and is misleading. For condos it can be very relevant depending on your market.]]></description>
			<content:encoded><![CDATA[<p>It’s a dumb metric for single family homes as it does not include site value and is misleading. For condos it can be very relevant depending on your market.</p>
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		<title>
		By: Koma		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22776</link>

		<dc:creator><![CDATA[Koma]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 18:20:43 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22776</guid>

					<description><![CDATA[Then they complain why didn&#039;t you make contract price!]]></description>
			<content:encoded><![CDATA[<p>Then they complain why didn&#8217;t you make contract price!</p>
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		<title>
		By: TruthBeTold		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22775</link>

		<dc:creator><![CDATA[TruthBeTold]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 18:11:23 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22775</guid>

					<description><![CDATA[I concur! The #1 misleading comment I hear real estate salespeople making is using price per sq.ft. as an absolute!]]></description>
			<content:encoded><![CDATA[<p>I concur! The #1 misleading comment I hear real estate salespeople making is using price per sq.ft. as an absolute!</p>
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		<title>
		By: Jeff Weeks		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22774</link>

		<dc:creator><![CDATA[Jeff Weeks]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:38:46 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22774</guid>

					<description><![CDATA[I have been able to support quality and condition adjustments based off of ppsf however as an appraiser we can do the math ourselves and best to remove it from the report since it is being misused IMO buy whoever uses it to suit their argument. It causes more trouble than needed. An underwriter can do the math as well]]></description>
			<content:encoded><![CDATA[<p>I have been able to support quality and condition adjustments based off of ppsf however as an appraiser we can do the math ourselves and best to remove it from the report since it is being misused IMO buy whoever uses it to suit their argument. It causes more trouble than needed. An underwriter can do the math as well</p>
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		<title>
		By: Baggins		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22773</link>

		<dc:creator><![CDATA[Baggins]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:37:00 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22773</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22766&quot;&gt;Koma&lt;/a&gt;.

Dude, if you spend 10k on a kitchen, I can guarantee you a 15k return! Trust me, I&#039;m a salesman, I know these things.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a target="_blank" href="https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22766">Koma</a>.</p>
<p>Dude, if you spend 10k on a kitchen, I can guarantee you a 15k return! Trust me, I&#8217;m a salesman, I know these things.</p>
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		<title>
		By: Baggins		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22772</link>

		<dc:creator><![CDATA[Baggins]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:35:40 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22772</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22767&quot;&gt;Jeff Weeks&lt;/a&gt;.

When you seek out comps by price and end up with gross character mis matches, that&#039;s a common result.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a target="_blank" href="https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22767">Jeff Weeks</a>.</p>
<p>When you seek out comps by price and end up with gross character mis matches, that&#8217;s a common result.</p>
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		<title>
		By: Baggins		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22771</link>

		<dc:creator><![CDATA[Baggins]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:33:39 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22771</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22768&quot;&gt;Rodney Ready&lt;/a&gt;.

That&#039;s there for an important reason, the need to bracket the ppsf along with the other required points of high/low bracketing. That section of the 1004 has a very limited scope of applicable use. That point of bracketing happens naturally if one is actually picking reasonable high and low matches in terms of size and price. So if you&#039;re selecting comps honestly without bias, that particular ppsf data slot always lines up anyways and you don&#039;t really need to but glance at it for assurance. Alternatively, that entry slot makes for a quick indicator of fraud, if you pump up comps out of appropriate comparison range, suddenly the ppsf number jumps sky high in comparison and is not bracketed on the low side. (High side if you&#039;re dealing with short sale or a sort of dump it cheap fraud.)]]></description>
			<content:encoded><![CDATA[<p>In reply to <a target="_blank" href="https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22768">Rodney Ready</a>.</p>
<p>That&#8217;s there for an important reason, the need to bracket the ppsf along with the other required points of high/low bracketing. That section of the 1004 has a very limited scope of applicable use. That point of bracketing happens naturally if one is actually picking reasonable high and low matches in terms of size and price. So if you&#8217;re selecting comps honestly without bias, that particular ppsf data slot always lines up anyways and you don&#8217;t really need to but glance at it for assurance. Alternatively, that entry slot makes for a quick indicator of fraud, if you pump up comps out of appropriate comparison range, suddenly the ppsf number jumps sky high in comparison and is not bracketed on the low side. (High side if you&#8217;re dealing with short sale or a sort of dump it cheap fraud.)</p>
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		<title>
		By: Jeff Weeks		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22770</link>

		<dc:creator><![CDATA[Jeff Weeks]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:28:21 +0000</pubDate>
		<guid isPermaLink="false">http://appraisersblogs.com/?p=19292#comment-22770</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22768&quot;&gt;Rodney Ready&lt;/a&gt;.

I completely agree]]></description>
			<content:encoded><![CDATA[<p>In reply to <a target="_blank" href="https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22768">Rodney Ready</a>.</p>
<p>I completely agree</p>
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		<title>
		By: Baggins		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22769</link>

		<dc:creator><![CDATA[Baggins]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:27:12 +0000</pubDate>
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					<description><![CDATA[There goes clever regression analysis, the cornerstone of hybrid products and avm utilities. Rightfully so, the ppsf is better utilized as an indicator of improvement quantity and improvement quality, rather than a base valuation indicator.

If appraisers want to get better at valuation principals, they should go to the hardware store, learn real world current pricing structures of contractors and materials in those various fields of service, and apply a reasonable and relative, fairly distributed allotted adjustment scheme. That&#039;s the art not a science part of it.]]></description>
			<content:encoded><![CDATA[<p>There goes clever regression analysis, the cornerstone of hybrid products and avm utilities. Rightfully so, the ppsf is better utilized as an indicator of improvement quantity and improvement quality, rather than a base valuation indicator.</p>
<p>If appraisers want to get better at valuation principals, they should go to the hardware store, learn real world current pricing structures of contractors and materials in those various fields of service, and apply a reasonable and relative, fairly distributed allotted adjustment scheme. That&#8217;s the art not a science part of it.</p>
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		<title>
		By: Rodney Ready		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22768</link>

		<dc:creator><![CDATA[Rodney Ready]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 17:21:18 +0000</pubDate>
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					<description><![CDATA[It&#039;s not just real estate agents, homeowners and buyers that must be convinced how worthless a residential value is when obtained by a PSF comparison. FNMA has to be persuaded too. A good start would be removing that category from the top of the Comp Adjustment Grid.]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s not just real estate agents, homeowners and buyers that must be convinced how worthless a residential value is when obtained by a PSF comparison. FNMA has to be persuaded too. A good start would be removing that category from the top of the Comp Adjustment Grid.</p>
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		<title>
		By: Jeff Weeks		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22767</link>

		<dc:creator><![CDATA[Jeff Weeks]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 16:30:10 +0000</pubDate>
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					<description><![CDATA[This is so true. I have told our local realtors time and time again to quit referring to properties with a price per square foot. Yet they always seem to ignore the truth because they don&#039;t understand and/or are just too lazy to look at properties in more detail.]]></description>
			<content:encoded><![CDATA[<p>This is so true. I have told our local realtors time and time again to quit referring to properties with a price per square foot. Yet they always seem to ignore the truth because they don&#8217;t understand and/or are just too lazy to look at properties in more detail.</p>
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		<title>
		By: Koma		</title>
		<link>https://appraisersblogs.com/size-vs-value-price-per-square-feet/#comment-22766</link>

		<dc:creator><![CDATA[Koma]]></dc:creator>
		<pubDate>Wed, 26 Sep 2018 16:28:40 +0000</pubDate>
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					<description><![CDATA[Many not in our profession watch too many shows on tv about Real Estate and that&#039;s mostly what the realtors always talk about price per sf when passing through the room when my wife is watching...lol It&#039;s the same with those CSI shows too. They always have DNA...etc...etc, when in the real world that&#039;s not how it is.]]></description>
			<content:encoded><![CDATA[<p>Many not in our profession watch too many shows on tv about Real Estate and that&#8217;s mostly what the realtors always talk about price per sf when passing through the room when my wife is watching&#8230;lol It&#8217;s the same with those CSI shows too. They always have DNA&#8230;etc&#8230;etc, when in the real world that&#8217;s not how it is.</p>
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