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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP and Bracketing – What’s Correct? – TAA Podcast 110
Description: Appraisers have asked me about USPAP and bracketing. What they want to know is if it is really possible to bracket every difference there is between a subject and its comparables? Spoiler alert: the short answer is “NO!”. Unfortunately, the long answer is “NO!”, too. To derive an adjustment via bracketing is just as effective and practicably applicable as is paired-sales analysis. Paired-sales analysis is a great tool. But where can you find the sales of two properties exactly the same in all aspects to each other, except one? That’s the problem. With incredibly rare exceptions, such properties do not exist.