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Appraisers will appreciate this: Bracketing square footage
 
My fellow appraisers, I would love to share with you the following addendum that I added to a report this morning. I know you can appreciate the humor and frustration in this.
 
 
 
 
 
Addendum to Appraisal Dated 4/13/2012
 
Regarding the underwriters request to add two comparables which bracket the subject's square footage.
 
The subject contains 950 SF. The appraisal provides seven (7) comparables that have the exact square footage as the subject (950 SF). As shown in the aerial photo above, the subject's market consists of many 950SF ranch style homes. Using homes outside of this range is not required. In addition, providing additional sales to "bracket" square footage would result in using sales outside of the subject's market  of different style and would be a disservice to the subject, offering confusion rather than clarity to this valuation.
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