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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP Doesn't Mention Time Adjustments
Description: USPAP doesn’t mention time adjustments. They are not useless or unnecessary. Measuring and analyzing changes in market conditions are critical and fundamental to real estate appraisal. Indeed, they are the foundation of an accurate opinion of value. This is simply because such a value conclusion has as its base a specific date in time. This is the effective date of appraisal. So, from within the neighborhood boundaries appraisers delineate at the beginning of the appraisal report, they must analyze sufficient sales data.
To do what?  To determine if there have been any changes in market conditions over th...