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How would you Proceed?

Discussion in 'General Appraisal Discussion' started by George A Easton, Oct 14, 2010.

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  1. George A Easton

    George A Easton Junior Member

    0
    Jan 5, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    I've already gone head first down my chosen path but I've never encountered this multiple whammy situation and figured I'd start a discussion.

    1. Non-lender assignment (i use my handy dandy GPAR)
    2. oh yeah, but it's a manufactured home (still using the GPAR)
    3. it was built in 1972 (and it's a teardown)
    4. it's on acreage (so the value is in the land)

    never mind that there are no similar sales of manufactured homes built before HUD got involved
    never mind that there have been no sales of vacant lots of the same size over the past 3 years
    never mind that there was an active and very full bee hive under the home

    Just curious how my bretheren would tackle a situation like this.
     
  2. AnonApprsr

    AnonApprsr Elite Member

    0
    Jan 21, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Massachusetts
    It's all GPAR, with heavy narrative for 4.
     
  3. George A Easton

    George A Easton Junior Member

    0
    Jan 5, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    oh yeah, my narrative is like War & Peace on this one.
     
  4. PropertyEconomics

    PropertyEconomics Elite Member

    1
    Jun 19, 2007
    Professional Status:
    Certified General Appraiser
    State:
    New Mexico
    It is a highest and best use analysis before choosing the form to use ......
     
  5. Rich Heyn

    Rich Heyn Senior Member

    10
    Jan 17, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    FWIW, if built in 1972, it's not manufactured.
     
  6. Eric C

    Eric C Member

    0
    Jul 25, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I would decline.
     
  7. AnonApprsr

    AnonApprsr Elite Member

    0
    Jan 21, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Massachusetts
    Eric, you're a vendor not an appraiser, of course you would! :)
     
  8. Eric C

    Eric C Member

    0
    Jul 25, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida


    Im just a wise man. Theres enough volume in my area I don't need to break my head or stress over complicated appraisal orders. I'll let professionals like you handle it. I'll knock out 4 or 5 appraisals while you try to finish that one.
     
  9. Michigan CG

    Michigan CG Moderator Staff Member Moderator

    491
    Nov 1, 2006
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    Upon completing a Highest and Best Use analysis and determining the value is the land minus "tear-down" and disposal costs the report should not be done on a standard GPAR form.

    I would write a narrative land appraisal and make sure I am compensated commensurately for it.
     
  10. Smokey Bear

    Smokey Bear Elite Member

    0
    Dec 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Did you get some free honey from the hive
     
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