Servicing Southeastern Michigan
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Servicing Southeastern Michigan
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Market AnalysisA major function of market analysis in the valuation process is to identify key factors of value. Market analysis makes it possible to identify the effective demand for and competitive supply of a particular property type in a specific location at a specific time. Proper knowledge and application of market analysis techniques is essential to the accuracy and credibility of an appraiser's opinion of value. TMG provides a comprehensive analysis on every assignment. Credibility and defensibility is the foundation of a well written appraisal report. TMG uses over fifteen custom market indicators for a typical residential analysis in addition to common published indices. Neighborhoods, buyer segments, sub-markets and more can be isolated to enhance the appraiser's understanding of the appraisal problem and enhance the reader's confidence in the solution. An easily understandable presentation allows the reader to follow the data and understand the appraiser's conclusions. Underwriters will be satisfied with the presentation and support provided. Litigators will appreciate a superior analysis that is easy to defend. Some typical residential indicators include:
Custom reports are comprehensive analyses tailored to help solve a client's appraisal problem and typically involve a detailed examination of appropriate factors. Lenders, Realtors, owners and investors can benefit greatly from a custom residential report that clearly illustrates the market forces affecting their subject property.
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