Condominium (wood vs carpet)

[Fernando]

Why would the HOA prohibit wood floors????

Many condo complexes ban wood floors if there are units above.
I see you don't live in a condo. Me either but I can understand.

 

[Fernando]

Sometimes the best appraisals are the ones that do not get made.

On more than one occasion, I have talked potential clients out of getting an appraisal because they did not need one.

The condo board, IMO, just needed a letter from an appraiser or RE agent stating that it is speculation wrt the unit sold for less. Nobody forced the seller to ake the offer, and the condo was obligated to disclose its carpet rule to buyers.

Unless the buyer is interrogated and hooked up to a polygraph, it's impossible to know whether they paid less because of the wood floors, the garage conversion, the unit being dated, or other reasons.

If I got this assignment, I easily decline. Seems like there's always a desperate appraiser willing to take any assignment for the right price.

 

[glenn walker]

These are the one's that an appraser has to determine what the clients real engagement is asking for ? The truth is their usually looking for an "advocate" to agree with them, and finalize it with a $$ amount in the form of being an appraisal.

Personally I would have told the Hoa
you need a Contractor and a top Realtor.

One to estimate "cost to cure " and the other to estimate the difference in the resale market. THIS IS NOT an appraisal issue.

 

[J Grant]

I never regretted turning down an order that felt hinky - and greatly regretted the ones I accepted - now as soon as I get "that" feeling I politely decline.

 

[glenn walker]

I never regretted turning down an order that felt hinky - and greatly regretted the ones I accepted - now as soon as I get "that" feeling I politely decline.

The best advice I received by an Old Lawyer when I was 25 year's old after being threatened by a older developer was-- Son in the future always " appraise the person" your doing business with, before getting on board with them.

That applies to all relationships and business ventures. Everyone has an agenda good or bad but only you can determine if it can be harmful to you or your business. When in doubt politely decline or just say it's over your pay grade.

 

[sputnam]

Why would the HOA prohibit wood floors????

Wood flooring on the 2nd floor.... because it's noisy if you are on the 1st floor.

 

[sputnam]

I never regretted turning down an order that felt hinky - and greatly regretted the ones I accepted - now as soon as I get "that" feeling I politely decline.

I always learned something from the 'hinky' ones. I did often regret not quoting a higher fee... and, of course, cursed about the assignment while I was in the middle of it.

 

[J Grant]

I always learned something from the 'hinky' ones. I did often regret not quoting a higher fee... and, of course, cursed about the assignment while I was in the middle of it.

I have taken on many complex assignments and learned from the tough ones -
I meant it more that I got a hinky feeling from the people or the situation - the folks were too invested personally or the situation highly litigious etc .

And there are times when the potential client really does not need an appraisal, they need a CMA from a RE agent or such - I had no problem telling them that - a one off fee not worth it for me c