- Apr 8, 2016
- Professional Status
- Certified Residential Appraiser
You stated you do not have the data to solve the appraisal problem, so...sounds like you cant solve it. What you can do is incorporate an assumption, which would be the subject property is not affected by this potential condition. If you know in fact your subject has this condition, you would use a hypothetical condition. Not all clients will accept this course of action, so I would suggest to have a conversation with your client first.
I know, hard to believe the elevation level for flooding was permitted after the fact...I definitely will let the client know that there will be issues doing it "As-Is" before accepting the assignment.