- Mar 10, 2010
- Professional Status
- Certified Residential Appraiser
I have no problem with this. It's the clients prerogative not to include contributory value for solar if that's what they want (as long as I disclose that fact in the report). HOWEVER, they brought this up after submission of the report and after the sale already closed. There was no mention of this in the assignment request or letter of engagement. Would this be a new assignment? Maybe a 2055 drive-by since a new inspection is out of the question) I reviewed the report and found I would have used the same comps regardless with Comp 1 being a model match and the only comp with owned solar. Can I do an addendum with a new signature date stating the changes and subsequent lowering of the value? Finally, why on earth would a lender want free and clear solar panels excluded form value? I am in San Diego where there are a ton of solar homes. This is a strong client for the last 15 years and I want to help, but not by doing something illegal. They have never given me any reason to doubt their ethics, however, this request has me confused.