Condo street photo

[gregb]

When you say the street photo, are you stating the outside street that has the same name as the subject address? Or are you specifying the asphalt unnamed street inside the condo complex? They are technically two different roads.

I am saying what is presented in the appraisal as the street photo is IT. If other street photos are pertinent, I include them.

 

[shrubberyvaluation]

I would take the street that it fronts, even if its not the same street name or is a parking lot.

 

[Mike Ault]

I agree with you. Yet there are technically two different roads. So I'm just wondering what my peers consider the subject street to be. So far appraisers are saying both yet in reality isn't there only one subject street for a condo complex since it has only one address?

It's one "legal", but it is not one "address". Generally.

 

[Tom D]

I think most people think the st the house faces is the house st. Now that could be a no name cul de sac off of the main street with buildings and parking. The form only says street scene, but specifically doesn't say address st scene. So i think you are being to anal. That's why i take them all.

And when you take that 'street' photo, don't they want to see the unit on it. Functionally then, that is the street, as per their instruction.

I recenty did a sf where the house wasn't near the address st, or even touching any part of it.

 

[Fernando]

Condos require lot more work than SFR. I charge extra premium for more photo taking, requiring me to get out of the car to check out the comps and common areas, review analyzing condo project, talk with HOA managements, etc. Other appraisers should charge more too.

 

[sputnam]

When taking street photos of a condo complex there are two streets, what do you experts consider to be the actual street? If the subject street name is at a corner and outside of a gated condo complex is that the street? Or is the street the unnamed asphalt road that you drive on inside the complex to get to the unit? I'd like to know what street is correct. Thank you in advance for your replies!

Where is it written that you can only include one 'street' photo? Your job in writing the report is to tell the story. Take a lot of photos. Include as many in the report as you think are needed to make your report clear. Not clear to you or other appraisers... Clear to an average person who may get his/her hands on a copy of your appraisal report.

 

[TerryRohrer]

Not clear to you or other appraisers... Clear to an average person who may get his/her hands on a copy of your appraisal report.

Since when? My reports are written to consider the intended user. That never includes consideration of any rando bloke who might see it. Although, I often get the sense that many "reviewers" in the lending arena are, in fact, rando blokes!

 

[sputnam]

Since when? My reports are written to consider the intended user. That never includes consideration of any rando bloke who might see it. Although, I often get the sense that many "reviewers" in the lending arena are, in fact, rando blokes!

You can write reports anyway you want to. However, you are supposed to write them so that anyone who has a dictionary can understand. Not just for the Lender/Client. The truth is that the some of the people who will receive your report have little to now understanding of the appraisal process. Sure, you can always claim that it's not for them... but, part of the purpose of USPAP and some of the other regulations we have to live with is... public trust. If no one understands what you are saying, they aren't going to just trust you. Instead of clinging to the position that 'I'm the appraiser. Do not question me.' Why not make sure that people actually understand what you did and why you did it? After all, that is what USPAP says you are supposed to do.

 

[Tom D]

You can write reports anyway you want to. However, you are supposed to write them so that anyone who has a dictionary can understand.

Didn't you mean 'anyone who doesn't have a dictionary can understand'. But in some ways it can protect use, looking at what you can't understand.

 

[Tom4value]

Are people forgetting that for FHA you need two street photos, one for each side? Use both and make sure you label which is which. I would do this even for conventional appraisals.