Appraising 2 homes on one parcel for FHA

[CANative]

A GRM on 10 ac. would be skewed due to land

Yes. That is the point. No one is going to buy 10 acres of land for the marginal income produced by a couple of houses on it. They're going to buy to live in and rent the smaller one or let junior and his girlfriend and her BFF live in it so they don't have to see what's going on.

Not a SRIP.

 

[Webbed Feet]

Who says the current zoning codes versus the time the second house was built so much as allows both houses to be rented out legally? Or that they both are not illegally on the same power meter or that the septic system was not overloaded in violation of the building codes when the second house was built and improperly connected to an inadequate septic and illegally to the first home's electrical system?

The amount of crap I have seen over the years in similar cases has been astounding. So nothing surprises me anymore and today I would first check on every bit of it before so much as finalizing a fee agreement with a client, let alone try and decide what "Form to use." And is exactly why I posted all the USPAP links.

The original poster presents to us, asking what form to use, and doesn't so much as know what market would seek to purchase such a property and has not (I am pretty darn sure) personally researched the property with the J.A. before posting. And that means in person, standing in the planning/assessors/permit/water and sewer departments to do so. Due to that, I will remain a mean suck appraiser over it. I knew better than to proceed on such an assignment without doing that research before the end of my second year as a trainee.... Let alone think I could determine what "Form" to use, after becoming a "Certified" appraiser, without first doing the proper research on complex subject properties.

Duh...... Once again, a fine testimony to the horrible supervisory appraisers out there and the terrible CE so many appraisers opt to sleep through when attending. So today, I am a mean appraiser that just sucks..... I guess I expect the flood of newly "Certified" appraisers to get off their rumps and do the right research or get out of the business if they don't think they are being paid enough to do it.

 

[SANDY]

How much does a hen weigh?