BlueDog007
Member
- Joined
- Jan 25, 2002
- Professional Status
- Certified Residential Appraiser
- State
- South Carolina
Ok gang.......
We are having a difference of opinion in our office. Subject is 900-1000 sf; Asbestos Siding; age 45-50 +/-. Neighborhood CMA range is $30,000 to $60,000, age range of 25-60 - predom 45. Appraiser obtained 2 asbestos sales, and one vinyl sale ranging from $37,000 to $45,000. Subject is under contract for $32,500.
We can not differentiate a value for the difference in exterior siding via match-pair, etc... Some 1000 sf homes sale for $30,000, other 1000sf homes sale for $60,000. A difference in condition and renovations. This is a low end neighborhood. Please offer suggestions and opinions as to if an adjustment for quality should be made for the difference in asbestos vs. vinyl siding. Much appreciated !!!
We are having a difference of opinion in our office. Subject is 900-1000 sf; Asbestos Siding; age 45-50 +/-. Neighborhood CMA range is $30,000 to $60,000, age range of 25-60 - predom 45. Appraiser obtained 2 asbestos sales, and one vinyl sale ranging from $37,000 to $45,000. Subject is under contract for $32,500.
We can not differentiate a value for the difference in exterior siding via match-pair, etc... Some 1000 sf homes sale for $30,000, other 1000sf homes sale for $60,000. A difference in condition and renovations. This is a low end neighborhood. Please offer suggestions and opinions as to if an adjustment for quality should be made for the difference in asbestos vs. vinyl siding. Much appreciated !!!