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Do you include a copy of specs?

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Tim Schneider

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Member
Joined
Feb 8, 2007
Professional Status
Certified Residential Appraiser
State
Wisconsin
I am working on a refi for remodeling, and a have a room by room breakdown of what will be done. Instead of retyping this in an addendum, could I just include a copy in the report and reference the specs? It just seems much easier and more accurate.
 

stefan olafson

Senior Member
Joined
Apr 2, 2003
Professional Status
Certified General Appraiser
State
North Dakota
Keep them in your file and summarize in the report! It's a summary appraisal right?
 

hastalavista

Elite Member
Joined
May 16, 2005
Professional Status
Certified General Appraiser
State
California
I am working on a refi for remodeling, and a have a room by room breakdown of what will be done. Instead of retyping this in an addendum, could I just include a copy in the report and reference the specs? It just seems much easier and more accurate.

It is your call.
 

Tim Schneider

Thread Starter
Member
Joined
Feb 8, 2007
Professional Status
Certified Residential Appraiser
State
Wisconsin
Yes, summary... 3/05 1004.
 

Marcia Langley

Senior Member
Joined
Aug 26, 2005
Professional Status
Certified Residential Appraiser
State
Missouri
Tim,

It is your call, as Denis said.

On the remodels I have done I have prefered to scan in the specs. If there is any question later about whether you were cognizant of the specs and proposed materials, the reader will have to look no farther than your report.

If the lender gets a follow up report from you or anyone else, there is the record in the borrower's own document as to what was proposed.
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Why in heavens name would you TYPE even a summary a copy of what they gave to you in writing?:new_smile-l:

I'd have to think... and correct my typos:leeann2: which costs time and money....:Eyecrazy: and COULD be later challenged as not the real deal - (despite the summary notation)

Scan and paste man!
 

bschmidt

Sophomore Member
Joined
Jun 4, 2007
Professional Status
Certified Residential Appraiser
State
California
Scan it and insert into report is my answer. :new_smile-l:
 

Lawrence R.

Senior Member
Joined
Mar 27, 2007
Professional Status
Certified General Appraiser
State
South Carolina
Scan it

I am with the scan it crowd...now that they have developed into the majority....
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
And another...scan and be done with it
 

Joker

Elite Member
Joined
May 28, 2002
Professional Status
Certified General Appraiser
State
Ohio
Lee Ann is right on! Scan and refer.

That is one of the reasons I require the owner to provide me with specs in writing.
 
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