We work with, and for, three main audiences: Government agencies, professional organizations such as financial institutions, insurance companies and real estate developers, and individuals, the people who buy and sell homes every day in the United States.
Our information is available in different formats for different audiences. For governments we normally engage directly to drive valuation and reassessment programs as a consulting organization. For corporations, we may act directly as a consultant or may execute a custom research commission or provide existing reports and research. For individuals we offer two free services, one currently for all individuals in New York State interested in accurate valuations, and another for individuals living within certain areas we have specifically reassessed.
MJW enables smarter real estate decision-making through superior modeling.
Our areas of expertise include:
MJW is qualified to perform Mass Appraisal analysis for Vacant Land, Residential and Commercial Properties. Modeling techniques include additive regression analysis, multiplicative regression analysis, hybrid model analysis, non-linear model analysis and feedback.
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MJW has developed a mentoring program where jurisdictions work along side qualified modelers as they learn to build accurate valuation models. Communication between the jurisdiction and Thimgan & Associates is heavily based on the internet and e-mail communications.
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MJW has extensive experience analyzing the real estate market for determining inflationary or deflationary trends over time. The primary methodologies used are the Sale/Appraisal Ratio Technique; Time as a Regression Variable; Paired Sales & Re-sales Analysis and simple SQFT Rate Analysis. Analysis is also done to determine if seasonality is an issue or if Splining is necessary.
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Typical Ratio Studies include stratification by property types, physical characteristics and location influences. The Statistics typically provided are measures of central tendency or level (mean, median and weighted mean), measures of uniformity (coefficient of variation, coefficient of dispersion and the price related differential)
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Encompasses various aspects of appraisal, such as: the development of economic areas, and neighborhoods; the analysis of a jurisdictions data to determine both its quality and quantity; a review of a jurisdictions current valuation procedures; the analysis of data to determine changes over time (time trend analysis)
Workshops are provided by Thimgan & Associates (create link) for various valuation activities. Specific topics can be developed for any jurisdiction.
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