Can't believe this question from an underwriter.

Discussion in 'General Appraisal Discussion' started by nicholz12, Oct 15, 2010.

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  1. nicholz12

    nicholz12 Senior Member

    0
    Sep 7, 2008
    Professional Status:
    Licensed Appraiser
    State:
    Massachusetts
    UW Question: Will the street power lines be a detriment to value or marketability. Mind you these are normal power lines carrying electricity to the homes on the street. These are not high tension wires, cables etc. No high tension towers within miles this area.
    I Had 2 comps on street within 1/4 mile/ walking distance.

    This business is getting surreal...
     
  2. panappr

    panappr Senior Member

    1
    Dec 5, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    No it's real...... I just don't want to play with mortgages anymore.:new_all_coholic:
     
  3. nicholz12

    nicholz12 Senior Member

    0
    Sep 7, 2008
    Professional Status:
    Licensed Appraiser
    State:
    Massachusetts
    you got that right!
     
  4. Tom Woolford

    Tom Woolford Elite Member

    9
    Nov 20, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    There darn sure would be an issue if they weren't there
     
  5. nicholz12

    nicholz12 Senior Member

    0
    Sep 7, 2008
    Professional Status:
    Licensed Appraiser
    State:
    Massachusetts
    in a nice way I told her, well that's the people on the street get their electricity... I did think of saying... no candles here.
     
  6. nicholz12

    nicholz12 Senior Member

    0
    Sep 7, 2008
    Professional Status:
    Licensed Appraiser
    State:
    Massachusetts
    I also said... I've never had this question in my entire 20+ yrs of appraising. UW replied, I do have that option to ask that question. geeeezz
     
  7. HF Mudd

    HF Mudd Senior Member

    2
    Jul 31, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    I would think that properties WITHOUT power lines would be affected negatively...
     
  8. KenAZ

    KenAZ Senior Member

    19
    Jan 6, 2010
    Professional Status:
    Certified General Appraiser
    State:
    Dom. Republic
    Remember there used to be a checkbox for underground electricity? They took it away because no one cares . . .

    Until Now
     
  9. BOCK FOLKEN

    BOCK FOLKEN Member

    0
    Jun 22, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I suppose it would fair to assume, if it is ever fair to assume, that along with all the decent experienced appraisers getting out of this business, that the decent experienced underwriters are as well.
     
  10. Don Clark

    Don Clark Elite Member

    2
    Jan 17, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Virginia
    Nope, I deal with many good, decent underwriters in doing VA Appraisals. Once in awhile one sees something they have a question about that seems like an odd question. Only takes a minute to answer most such questions.

    Had one the other day(Non VA) that wanted the appraisal made subject to due to missing vinyl siding on the rear of the house. Looked at the photo and it was not missing vinyl siding at all. It was a brick chimney that made the area she described look dark and she thought it was missing siding. Cleared up in a nano second.
     
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