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  #1  
Old 03-11-2006, 08:27 PM
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Smokey Bear Smokey Bear is offline
 
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Default Is it worth mentioning? (graffiti)

Cost to cure would be minimal. It's only on this one corner post of the front fence.


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Last edited by Smokey Bear : 03-11-2006 at 08:34 PM.
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  #2  
Old 03-11-2006, 08:39 PM
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Charles Witt Charles Witt is offline
 
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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  
Old 03-11-2006, 08:56 PM
Tom Barclay Tom Barclay is offline
 
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Default 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  
Old 03-11-2006, 09:35 PM
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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.
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  #5  
Old 03-11-2006, 10:00 PM
Tom Barclay Tom Barclay is offline
 
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Cynthia,
Still; same neighborhood, same environment, same effect on value. All comps would be similarly affected. No significant market impact.
  #6  
Old 03-11-2006, 10:26 PM
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Lee in L.A. Lee in L.A. is offline
 
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I let the pics speak for themselves.

You would think they would get rid of that junk asap. :new_321:
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  #7  
Old 03-11-2006, 10:30 PM
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And the borrower is a real estate agent..... She definitely should know.
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  #8  
Old 03-11-2006, 10:33 PM
Tom Barclay Tom Barclay is offline
 
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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  
Old 03-11-2006, 11:54 PM
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Talking

Quote:
Originally Posted by Tom Barclay
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.
Isn't that the truth!
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  #10  
Old 03-12-2006, 12:19 AM
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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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