Hal said...
Stigma isn't a physical characteristic; it's emotional.
If it were my assignment, I'd report that there had been a mold problem identified by experts; that it had been cured, and that the results of the cure were guaranteed; that the appraisal proceeds under the extraordinary assumption that no stigma attaches to the house as a result of it having experienced a mold problem; that the basis for the assumption lies in the fact that the remediation is guaranteed for five years by the remediation company; that if later circumstances prove that stigma does attach to the subject because of its former mold problem, I reserve the right to alter the opinion of value accordingly; and that if such future alteration of the opinion of value becomes necessary, a substantial fee will be required. Discussing the use of such an assumption with the client is always a good idea. Note the use of the EA in the Conditions of Appraisal section.
And there are no dumb questions.
In the market, same place the "murder" stigma is.
Stigma isn't a physical characteristic; it's emotional.
If it were my assignment, I'd report that there had been a mold problem identified by experts; that it had been cured, and that the results of the cure were guaranteed; that the appraisal proceeds under the extraordinary assumption that no stigma attaches to the house as a result of it having experienced a mold problem; that the basis for the assumption lies in the fact that the remediation is guaranteed for five years by the remediation company; that if later circumstances prove that stigma does attach to the subject because of its former mold problem, I reserve the right to alter the opinion of value accordingly; and that if such future alteration of the opinion of value becomes necessary, a substantial fee will be required. Discussing the use of such an assumption with the client is always a good idea. Note the use of the EA in the Conditions of Appraisal section.
And there are no dumb questions.
