Page 16 - Regression Guideline

"SelecJon"of"the"most"similar" comparables"""
Step&5&
&
In"the"Sixth"and"final"step,"the"appraiser"selects"a"small"subset"(3)"of"properJes"comparable"to" the"property"being"appraised."A"map"displaying"properJes"by"their"proximity"to"the"appraised" property"assists"this"step."Using"the"predicted"sales"prices"for"these"properJes"and"the"valuaJon" for"each"property"characterisJc"in"the"final"mulJvariable"model,"a"final"sales"price"is"obtained"for" the"appraised"property.""
Sidebar:&CondiDon&Score&
CondiJon"of"a"property"is"one"of"the"most"difficult"adjustments"to"make"as"an"appraiser"and" should"be"done"as"part"of"the"analysis"process."The"condiJon"analysis"should"be"based"on"Realtor" comments"for"updates,"remodeling,"repairs,"etc.,"and"year"of"construcJon.""
"
Even"though"the"Realtors"tend"to"add"comments"to"describe"the"property"in"the"best"light" possible"you"need"to"only"look"at"comments"that""effect"the"condiJon"of"the"property."I.e.." updates,"remodeling,"repairs,"etc.,"Each"property"(observaJon)"comment"should"be"carefully"" analyzed"and"condiJon"comments"should"be"extracted"and""added"to"the"model"for"analysis."""" Savvi"automaJcally"reads"over"70,000"different"word,"word"combinaJon"and"abbreviaJons"when" you"upload"your"MLS."""
PresenDng&your&analysis&in&an&easy&to&read&format.&&&
Regression"can"be"a"very"complex"process"and"can"be"overwhelming"to"the"reader"if"they"are"not" familiar"with"mulJvariable"regression."Your"report"should"be"presented"in"an"manor"that"is"easy" to"read"and"can"support"your"analysis."
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