ZZGAMAZZ
Elite Member
- Joined
- Jul 23, 2007
- Professional Status
- Certified Residential Appraiser
- State
- California
Does functional obsolesence exist in regard to a 3 bedroom SFR with garage access via one of the bedrooms--which appears to be atypical for the local market--if 'market reaction' to 2 as well as 3 bedroom units is similar/identical per matched pairs analysis when GLA is controlled?
(Note: "Market reaction" is based upon the only two recent 2-bedroom sales and that's not much of a sample size.)
If one encounters a building feature that ostensibly reflects FO but market reaction indicates otherwise, should the interior walls be included in the sketch?
Based upon the limited info that I'm providing, should an appraiser describe "what ostensibly would be functional obsolesence but that does not exist in terms of market reaction to the feature"...
(Note: "Market reaction" is based upon the only two recent 2-bedroom sales and that's not much of a sample size.)
If one encounters a building feature that ostensibly reflects FO but market reaction indicates otherwise, should the interior walls be included in the sketch?
Based upon the limited info that I'm providing, should an appraiser describe "what ostensibly would be functional obsolesence but that does not exist in terms of market reaction to the feature"...
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