Real Estate Appraisal Forum

appraisersforum.com logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
 
 
Go Back   Appraisers Forum > Real Estate Appraisal Forums > General Appraisal Discussion
Register Help Our Rules Calendar Archives Mark Forums Read


Closed Thread
 
Thread Tools
  #1  
Old 10-13-2010, 11:34 PM
George A Easton's Avatar
George A Easton George A Easton is offline
 
Join Date: Jan 2004
Location: Southeast Phoenix
State: Arizona
Professional Status: Certified Residential Appraiser
Posts: 341
Default How would you Proceed?

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.
Sponsored Links

  #2  
Old 10-13-2010, 11:37 PM
AnonApprsr's Avatar
AnonApprsr AnonApprsr is offline
 
Join Date: Jan 2008
State: Massachusetts
Professional Status: Certified Residential Appraiser
Posts: 6,285
Default

It's all GPAR, with heavy narrative for 4.
__________________
Anonymous Appraiser
Certified Residential
FHA Approved
  #3  
Old 10-13-2010, 11:38 PM
George A Easton's Avatar
George A Easton George A Easton is offline
 
Join Date: Jan 2004
Location: Southeast Phoenix
State: Arizona
Professional Status: Certified Residential Appraiser
Posts: 341
Default

oh yeah, my narrative is like War & Peace on this one.
  #4  
Old 10-13-2010, 11:39 PM
PropertyEconomics's Avatar
PropertyEconomics PropertyEconomics is offline
 
Join Date: Jun 2007
Location: Central New Mexico
State: New Mexico
Professional Status: Certified General Appraiser
Posts: 18,755
Default

It is a highest and best use analysis before choosing the form to use ......
__________________
Foxtrot, Uniform, Charlie, Kilo Cancer ... In memory of our friend Bill Waite!
  #5  
Old 10-13-2010, 11:50 PM
Rich Heyn Rich Heyn is offline
 
Join Date: Jan 2002
Location: Southwestern Michigan
State: Michigan
Professional Status: Certified General Appraiser
Posts: 2,586
Default

FWIW, if built in 1972, it's not manufactured.
  #6  
Old 10-14-2010, 12:09 AM
Eric C Eric C is offline
 
Join Date: Jul 2006
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 874
Default

I would decline.
  #7  
Old 10-14-2010, 12:21 AM
AnonApprsr's Avatar
AnonApprsr AnonApprsr is offline
 
Join Date: Jan 2008
State: Massachusetts
Professional Status: Certified Residential Appraiser
Posts: 6,285
Default

Eric, you're a vendor not an appraiser, of course you would!
__________________
Anonymous Appraiser
Certified Residential
FHA Approved
  #8  
Old 10-14-2010, 12:24 AM
Eric C Eric C is offline
 
Join Date: Jul 2006
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 874
Default

Quote:
Originally Posted by AnonApprsr View Post
Eric, you're a vendor not an appraiser, of course you would!


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  
Old 10-14-2010, 12:34 AM
Michigan CG's Avatar
Michigan CG Michigan CG is offline
 
Join Date: Nov 2006
State: Michigan
Professional Status: Certified General Appraiser
Posts: 16,898
Default

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.
__________________
You do not know what you do not know.
  #10  
Old 10-14-2010, 12:43 AM
Smokey Bear's Avatar
Smokey Bear Smokey Bear is offline
 
Join Date: Dec 2004
Location: The "OC" in Republican Land (Oh no!)
State: California
Professional Status: Certified Residential Appraiser
Posts: 12,470
Default

Did you get some free honey from the hive
__________________
For God's sake, if you need to take legal action, GET A LAWYER. I'm not giving legal advice.
Sponsored Links

Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 2000-, AppraisersForum.com, All Rights Reserved
     Terms of Use  Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking
CordlessPhoneStore.com - Great Cordless Phones AndroidTabletCity.com - Android Tablet Computers

Follow AppraisersForum.com:          Find us on Facebook            Follow us on Twitter


All times are GMT -5. The time now is 05:18 AM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93