Curling Comp Shingle Roof Question For Conventional Loan

[J Grant]

No, they don't. They require you to report the problem and subject your appraisal to repair of the problem...not to tell them how they have to repair the problem.

The appraiser does not go on site with contractor or workman and direct them how to repair. But appraisers does specific repair to a market accepted standard of workmanlike quality, consistent with rest of dwelling , or meeting code if electrical or plumbing work.

 

[J Grant]

You'd make their client spend $5000 when they can remedy the problem for $1? You'd be so far off their panel.

i don't make a HO do anything. If deck is rotted/falling apart and I feel it is not repairable/needs a new deck, then they spend what it costs. If I call for repair such as the boards are loose, some are missing etc, then they spend what that needs. They can refuse to do either one and not get the loan. Depends what if anything, loan is conditioned on for client requirements.

I can also appraise in as is value not calling for any repairs or inspections, if client is okay with that. I am more than happy to do that btw.

 

[residentialguy]

The appraiser does not go on site with contractor or workman and direct them how to repair. But appraisers does specific repair to a market accepted standard of workmanlike quality, consistent with rest of dwelling , or meeting code if electrical or plumbing work.

Only in a general way.

• There is a leak under the water heater...that must be fixed.
• Their is no deck attached to the sliding door and this creates a safety hazard of someone falling. The safety hazard must be remedied.
• There are some rotten boards on the deck creating a safety hazard. The safety hazard must be remedied.
• There are some bare wires exposed in the main bath. This a safety hazard and must be remedied

You don't tell them that they need a new water heater, or a deck or a railing, etc

 

[residentialguy]

If deck is rotted/falling apart and I feel it is not repairable/needs a new deck, then they spend what it costs

Whoaaa....why can't they just remove it??? Why are you trying to make them spend $7500? You don't have that kind of power. Get off that horse.

 

[J Grant]

Whoaaa....why can't they just remove it??? Why are you trying to make them spend $7500? You don't have that kind of power. Get off that horse.

Yes, I can condition appraisal on removing it as an option, ( as can you). Jeez I sure don't look at it as having power, it is just part of the job. What freaking power do we have, at the mercy of clients who can stop using us tomorrow for the slightest error or the AMC's who will replace us for someone $5 cheaper.

 

[residentialguy]

Yes, I can condition appraisal on removing it as an option

No, you can't do that either. You can condition the hazard to be cured. That's it! They have the option to cure it in anyway they choose, as long as it is cured. Therefore, if you assume they cure it by putting in a deck, and on the final you find that the deck has been removed and you have already turned in a higher value appraisal due to you mistakenly assuming it has a new deck...guess what???? You have a big problem.

 

[J Grant]

No, you can't do that either. You can condition the hazard to be cured. That's it! They have the option to cure it in anyway they choose, as long as it is cured. Therefore, if you assume they cure it by putting in a deck, and on the final you find that the deck has been removed and you have already turned in a higher value appraisal due to you mistakenly assuming it has a new deck...guess what???? You have a big problem.

An appraiser can condition it to be cured a certain way if part of assignment. At minimum state a workmanlike standard or done by licensed contractor. If they do a flimsy job not to code that is cured in your book?

If appraiser calls for a new deck, value made subject to new deck, and they dont' put in new deck, THEY have a big problem, not the appraiser.

 

[residentialguy]

If appraiser calls for a new deck, value made subject to new deck, and they dont' put in new deck, THEY have a big problem, not the appraiser.

Wrong, the HO can cure a bad deck by removing it. YOU have the problem because you CAN'T tell them that they have to put in a new $7500 deck when they can fix the situation by removing the bad deck.

 

[Deleted member 130081]

I had a case the other day, and I get this often, where there is a second floor door that leads to a flat roof and the flat roof does not have a railing. This is a safety issue as far as I am concerned and I flag it every time. I offer two options as remedies, the first is obviously to install a railing at a cost of a couple thousand in most cases, the second is to screw the door shut for $100 if a contractor is hired, and obviously about 30 cents if the HO knows how to use a screw gun. I'm with Res on this argument, the minimum remedy option should always be the go-to.

 

[residentialguy]

I had a case the other day, and I get this often, where there is a second floor door that leads to a flat roof and the flat roof does not have a railing. This is a safety issue as far as I am concerned and I flag it every time. I offer two options as remedies, the first is obviously to install a railing at a cost of a couple thousand in most cases, the second is to screw the door shut for $100 if a contractor is hired, and obviously about 30 cents if the HO knows how to use a screw gun. I'm with Res on this argument, the minimum remedy option should always be the go-to.

It's not a matter of going to any option. We need to find out what they want to do to cure the problem and then proceed.