u/junkemail4001

How do I “reverse engineer” what the appraiser deemed the value of the home? I assume it was a mostly mathematical determination of the value based on the comps? Or is there a lot of opinion involved?

I thought it was a weighted function of the adjustments but I could never get my math to add up. For example, comp 1 is the closest “gross” to the home so it would hold more weight than the other 2. He didn’t show any math or weighting on the report as to how he determined it.

Either way, for rough numbers for easy math, here is what he determined. Can anybody give me an idea how the value was derived from this?

Home value $100
Comp 1: $146, 1.3% net, 9.1% gross
Comp 2: $101, 4.6% net, 16.3% gross
Comp 3: $92, 0.1% net, 14.2%