as-is

I have an order where the lender request an as-is value, come to find out that the owner has started a remodeling project and has already tore out the kitchen, bathrooms etc. They sent me a budget for over $500k for the project. I have done many new construction and feel that this could give me...

When requesting a commercial appraisal to determine a proper sale price for a 3-ac. parcel in California that has a good building on it, but the buyer who has submitted an offer is going to demolish the building and use the land to build condos, is there a standard that states whether the...