Average condition?

[timd354]

I always used Average, Average/Good, Good. If the house is the crappiest house ever, guess what? It's Average. I will find a crappy house to compare it to that will also be Average. Sometimes if I'm comparing new construction to 1-3 year old homes, it would be Good and Superior. But that's rare. I've never used fair, seems like a term that appraisers shouldn't use.

If that is what you do then you are simply commiting appraisal fraud by not disclosing the actual condition of the subject property and you are a complete Skippy. This is not a surprise from coming from a serial comp checker.

 

[AnonApprsr]

Serial comp checker, eh? Yeah <10 times a year, in relation to 300-600 appraisals a year, for sure!

And on page 1, I describe in detail, the Subject's condition. On the 2nd page of a 1004 it's all about the relation to other properties.

It's no surprise that you would assume away! Where's PE to tell me I'm back peddling?

 

[PropertyEconomics]

I always used Average, Average/Good, Good. If the house is the crappiest house ever, guess what? It's Average. I will find a crappy house to compare it to that will also be Average. Sometimes if I'm comparing new construction to 1-3 year old homes, it would be Good and Superior. But that's rare. I've never used fair, seems like a term that appraisers shouldn't use.

And these are the reasons newly certified appraisers need lots more education and mentoring. The exact reasons there should be a minimum number of years for mentoring after receipt of a certification.
I fear, Anon, you one day will be faced with your decisions today in a forum unlike this but one which may well have the power to issue judgment on .. well your lack of understanding.
I do have faith that in time you will see though. I dont see back peddleing here ... just information that is totally wrong in the context of an appraisal that a client can rely upon to tell them the truth.
So i would guess you would say a tear down is in average condition as long as your comps were other tear downs?

 

[BRCJR]

And these are the reasons newly certified appraisers need lots more education and mentoring. The exact reasons there should be a minimum number of years for mentoring after receipt of a certification.
I fear, Anon, you one day will be faced with your decisions today in a forum unlike this but one which may well have the power to issue judgment on .. well your lack of understanding.
I do have faith that in time you will see though. I dont see back peddleing here ... just information that is totally wrong in the context of an appraisal that a client can rely upon to tell them the truth.
So i would guess you would say a tear down is in average condition as long as your comps were other tear downs?

I really wonder if Anon is operating in the manner one could glean for his/her posts or just acting foolish for attention on a forum.

If it is the first, he/she will take care of themselves by virtue of posting in a public forum actions they infer they take.

Sad part, until I get certified he/she can do FHA and I can't-lol

 

[PropertyEconomics]

I really wonder if Anon is operating in the manner one could glean for his/her posts or just acting foolish for attention on a forum.

If it is the first, he/she will take care of themselves by virtue of posting in a public forum actions they infer they take.

Sad part, until I get certified he/she can do FHA and I can't-lol

Not to worry Bill .. he/she wont do many in the manner they describe before they are no longer allowed to do them either. FHA does suspend or remove appraisers from their lists for shoddy work. Give it time.

 

[AnonApprsr]

You could call it "Blabblybood" on the grid as long as all the other comps are the same condition. As long as you described it in detail on page 1.

 

[PropertyEconomics]

You could call it "Blabblybood" on the grid as long as all the other comps are the same condition. As long as you described it in detail on page 1.

Actually no you cant Anon. The forms are quite specific in their questions, and "blabbybood" isnt on there. You dont get to make things up because you want to. Do you think the minds that develoepd the forms, and put fair as a condition as well as poor I might add, put those things there so YOU could decide they were wrong and you were right?
Have you ever taken the time to really think about what a misleading report is?

 

[AnonApprsr]

Am I incorrect to say the Sales Grid is relative to the comparables used?

 

[PropertyEconomics]

Am I incorrect to say the Sales Grid is relative to the comparables used?

You are not correct to call them all average if they were in poor condition. That is false and misleading. Thats the point you refuse to see. The sales grid is relative to YOUR SUBJECT not relative to the comparable sales used.

 

[timd354]

You could call it "Blabblybood" on the grid as long as all the other comps are the same condition. As long as you described it in detail on page 1.

I appraise urban properties in Baltimore and DC on a regular basis, some of which are essentially shells in need of complete rehab. I did not know that when I appraise one of these, I can just find 3 other shells and put them all in the grid as being in average conditon....what a joke!