Builder's Model Home Condition Rating

[Tumbuktu]

Would C2 be most appropriate, as it is normally used as an office for months with continous flow of customers during this period.
As always feedback and guidance would be appreciated

 

[J Grant]

C2 or C 3, I have not seen it so IDK.

 

[Tumbuktu]

Thanks. It should definitaley not be C1

 

[glenn walker]

C-1 Sales office floor covering wears but nothing else and when sold it's still a new construction.

 

[OSU Beavers]

Hey the Realtor used that oven to bake cookies! Nobody cares. If it is selling within one year of its completion, then C1. Keep in mind that the model home often contains most of the options that the builders charge extra for and higher finishes so the Quality rating may be higher than your typical speck built home.

 

[glenn walker]

The builders 10 year warranty starts on the day it closes escrow and it's a new home period.

 

[Surf Cat]

C-1 Sales office floor covering wears but nothing else and when sold it's still a new construction.

I disagree. When I go to these things. It's not just acting as an office. Market participants are trampling through it seeing what their new dream home is going to look like. Opening, closing, pushing, poking, turning on and off... the parents not watching their little darlings too closely and they're wiping their boogers on the walls.... it needs to be discounted.

 

[glenn walker]

Usually the model has upgrades and if floor covering is worn they replace it and door hinges are $15 but last 50 years. A minor adjustment for use may be warranted but it's a New Construction Home and the bones don't depreciate by buyers walking through. Geez no wonder so many appraisers are hated...lol

 

[Surf Cat]

Usually the model has upgrades and if floor covering is worn they replace it and door hinges are $15 but last 50 years. A minor adjustment for use may be warranted but it's a New Construction Home and the bones don't depreciate by buyers walking through. Geez no wonder so many appraisers are hated...lol

Walker... the OP didn't state that the floors were replaced, walls painted, or anything worn was fixed to be made as new.... you're changing the situation. It's as is. We know you do loans and want the loan to be approved and go through.... but it is what it is.

• C1 (New): The dwelling is 100% newly constructed within the past 12 months, has never been occupied, and exhibits no signs of wear or use.
• C2 (Like-New): The dwelling was recently constructed or entirely remodeled within the past 36 months, features no deferred maintenance, and requires no repair.

 

[Fernando]

Again UAD dropped the ball. UAD needs to be more specific so appraisers know what to do.