Discussion in 'General Appraisal Discussion' started by Benjamin Singleton, Dec 22, 2004.
We are appraisers, we provide a market value not a home inspection. Anyway, putting 'unknown' is still no protection. A good lawyer could say you shoulda 'conditioned' it for inspection. BTW.....How's about that kitchen range and water heater? Heck, even a dirty firelace flue can cause CO in the environment.
The HVAC is on, the people are alive and well ( ), and there's no visual evidence of failure, then it's "average". If the system is off, it's unknown.
That's why I put in an inspection disclaimer (I'm not a home inspector and don't play one on TV).
If it's new or a few years old and it works when I'm there ( or the HO tells me it works) I call it good.
If it's more than a few years old and it works I call it average.
If it looks bad, rusted, scorched, parts missing or the HO tells me it doesn't work well I call it poor.
NEW....if it is brand new
WORKING....if it is and the owners say it is.
UNKNOWN....if the power is off, then I state why it is unknown.
Life's too short to worry about every single little thing that might get you sued. Especially when you might get sued no matter what you do.
If the equipment is on and working then I put avg. Power off for foreclosure and/or REO's - UNK - New I'll indicate new. I also have a statement in the infamous addenda that states all equipment and amenities are assumed to be operational, in working order , permitted and safely operational.
Yeah, and what about a sump pump???
Kate, I know not of this sump pump of which you speak.,
Don't worry about it Greg, it's like a garbage disposal.