JoshDavis
Sophomore Member
- Joined
- Mar 10, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
I've been reviewing some appraisals lately and one appraiser keeps doing this:
The subject property is a tri-level, basic tri-level (lower level, main level, and an upper level). They are reporting the GLA as the main and upper level only. They are only placing the lower level sq ft on the sales comparison grid like you would a pool or other amenity and making an adjustment there.
As I understand it the appraiser is supposed to report the subject property as the market recognizes it. Every other tri-level by all the other appraisers in the area includes the lower level in the GLA or as basement sq ft.
I've tried to explain this to them before, but that are not getting the idea. Help please

The subject property is a tri-level, basic tri-level (lower level, main level, and an upper level). They are reporting the GLA as the main and upper level only. They are only placing the lower level sq ft on the sales comparison grid like you would a pool or other amenity and making an adjustment there.
As I understand it the appraiser is supposed to report the subject property as the market recognizes it. Every other tri-level by all the other appraisers in the area includes the lower level in the GLA or as basement sq ft.
I've tried to explain this to them before, but that are not getting the idea. Help please

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