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15 Cards in this Set

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  • Back
Bracketing
narrowing a possible range of value by setting lower & upper limits of value
Date of value estimate
a basic assumption behind the value that the value is as of a given date
Gross adjustment
an adjustment or total adjustments ignoring negative signs; the absolute value of adjustments
Grouped data analysis
a quantitative method of sales comparison where groups are studied in pairs of independent variables (e.g. date of sale, size) to ID dependent variables (e.g. price psf)
Net adjustment
the adjustment to a comparable after netting positive & negative adjustments
Paired data analysis
deriving adjustments by comparing two comparables that are similar except for one feature
Point estimate
a single value estimate chosen from a potential range of value
Qualitative analysis
analyzing comparables without quantifying the adjustments or indicating a value from some other quantitative means
Quantitative adjustment
adjusting to value using a method that either shows the adjustment or uses some other mathematical or modeling to show the indicated value for a property
Range of value
a value array that states from a low to high value
Ranking analysis
a qualitative technique to derive value where the sales are ranked from worst to best or best to worse & the subject analyzed within the array
Reconciliation
the process leading to the conclusion of a value range or estimate
Relative comparison analysis
use of inferior, superior, or equal in analyzing sales without resorting to quantifying adjustments
Unit of comparison
the comparative basis for analyzing sales, e.g. per sf, per room, per unit, or even per lot, or per house, etc.
Weighting
assigning more or less reliability or leanings to various comparables by assigning numbers to each, then dividing by the total numbers added, or by assigning various % to the indications that add to 100%