Subject to vs as is

[Eli]

What is your standard?

 

[Tom Woolford]

I prefer a Northern Highland Single Malt.

 

[Eli]

When you perform a “subject to” appraisal ......do you add to your comments that the appraisal is “subject to a final inspection by the appraiser”?

 

[Eli]

I prefer a Northern Highland Single Malt.

Lol

 

[Tim Hicks (Texas)]

I always add what the appraisal is specifically "subject to."

 

[Eli]

An appraiser who was a president of a national appraiser organization told me years and years and years ago to always add in the conditions of appraisal, “ subject to a final inspection of appraiser “.

Assuming a “subject to” appraisal.

You realize the ramifications with one simple disclosure. The appraisal is virtually null and void without the final inspection by the appraiser.

It’s a condition of the appraisal. It could be subject to a professional inspection. Like subject to completion, etc..etc.

 

[The Bob]

Why would you condition on appraiser re-inspecting if it's something beyond his expertise?
That's just stupid.
Any thing other than paint or simple repairs (replace carpet, repair rot) I condition on lender's receipt of proof of repairs by qualified contractor. They may still send me out, but that's what I put in the 1004D.
I'm not a plumber, electrician, or HVAC tech. Don't ask me to be pretend to be one.

 

[Eli]

Why would you condition on appraiser re-inspecting if it's something beyond his expertise?
That's just stupid.
Any thing other than paint or simple repairs (replace carpet, repair rot) I condition on lender's receipt of proof of repairs by qualified contractor. They may still send me out, but that's what I put in the 1004D.
I'm not a plumber, electrician, or HVAC tech. Don't ask me to be pretend to be one.

Your good on your premise. But you put that in your conditions of appraisal. Always do that. You already have limiting conditions and certifications but if you see something in your normal course of business, and you do subject to? See?

If you add that condition of appraisal, it protects you more personally. You can always request the engineers report or contractor with their bond.

You can recommend an inspection by a qualified professional as a condition of appraisal and/or add an extraordinary assumption/hypothetical condition.