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Is it worth mentioning? (graffiti)

Discussion in 'Urgent - Help Needed' started by Smokey Bear, Mar 11, 2006.

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  1. Smokey Bear

    Smokey Bear Elite Member

    0
    Dec 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Cost to cure would be minimal. It's only on this one corner post of the front fence.


    [​IMG]
     
    Last edited: Mar 11, 2006
  2. Charles Witt

    Charles Witt Senior Member

    0
    Dec 13, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Delaware
    Is that an isolated incident or is it prevelant on many fences in the area. Seems like a large 6" iron fence and gate in the front of the home. I think I would put the photo in if is abnormal; and explain cost to cure is minimal and state whether it is common in the neighborhood.
     
  3. Tom Barclay

    Tom Barclay Senior Member

    0
    Apr 7, 2002
    Professional Status:
    Retired Appraiser
    State:
    Oregon
    Jmho

    I think it would depend, if the comps you select from the same neighborhood have similar amatuer decorations, then it shouldn't be a factor in the value. If the comps don't share the embelishments then it may be worth mentioning. Overall something like that wouldn't have a significant effect on value. I once photgraphed the bullet holes in the subject's siding and windows and let the photos speak for themselves; but all the comps were from the immediate neighborhood.
     
  4. Smokey Bear

    Smokey Bear Elite Member

    0
    Dec 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    It's an infill new construction, lots of newer homes mixed in with older homes. There is other graffiti in the neighborhood, but not on the comps.
     
  5. Tom Barclay

    Tom Barclay Senior Member

    0
    Apr 7, 2002
    Professional Status:
    Retired Appraiser
    State:
    Oregon
    Cynthia,
    Still; same neighborhood, same environment, same effect on value. All comps would be similarly affected. No significant market impact.
     
  6. Lee in L.A.

    Lee in L.A. Elite Member

    272
    Jan 24, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    I let the pics speak for themselves. :shrug:

    You would think they would get rid of that junk asap. :new_321:
     
  7. Smokey Bear

    Smokey Bear Elite Member

    0
    Dec 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    And the borrower is a real estate agent..... She definitely should know.
     
  8. Tom Barclay

    Tom Barclay Senior Member

    0
    Apr 7, 2002
    Professional Status:
    Retired Appraiser
    State:
    Oregon
    Cynthia,
    Don't trust the real estate agent, they will be the first to turn on you if it's to their advantage. Disclose and CYA.
     
  9. liberated

    liberated Member

    0
    Feb 11, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Tennessee
    Isn't that the truth!
     
  10. Kate

    Kate Senior Member

    0
    Aug 24, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New Hampshire
    :sleep: It needs to be mentioned somewhere.

    If you don't mention it in the subject section I would most definitely mention it in the neighborhood section. Graffiti is easy enough to fix but the kids that do it come back. So we have a maintenance issue.

    Obviously that picture will go in your report (I would assume). If you don't say anything about it I would think they will come back and ask for an explanation.

    So, if not in the subject description then the neighborhood description. Or you could say that it was a random act of graffiti that the area doesn't usually see. Depends on the area i guess.
     
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