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How do you write the addendum in your appraisal reports?

Do you write your addendum in the first person or third person?


  • Total voters
    29
  • Poll closed .

Wayne Henry

Thread Starter
Junior Member
Joined
Nov 17, 2003
Professional Status
Certified Residential Appraiser
State
Maryland
How do you write the addendum in your appraisal reports?
 

TMG

Senior Member
Joined
Jul 28, 2007
Professional Status
Certified Residential Appraiser
State
California
I put everything on the form, but the sales comparison approach, final reconciliation, and sometimes external factors spill into an addendum. I talk about each comp and their adjustments. I don't comment on basic adjs like GLA, etc but location adjs, financing, view adjs, condition adjs, and how the adjs were derived. Final recon I say which comp(s) were weighted and why, and how final value was determined.

Then there's the pre-fabbed comments about covid, natural disasters, etc.
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
This appraiser strives (I strive) to never use the word 'I' in a report. It is felt that (I think) it just sounds a bit more professional to use 3rd person.

It is my opinion that 3rd person sounds less professional. I did the work, I determined the Scope of Work and I reconciled the opinion of value.
 

EddieB

Elite Member
Joined
Feb 17, 2005
Professional Status
Certified Residential Appraiser
State
North Carolina
The only way I can write is by blasting Van Halen, like "I can't drive 55."
That’s all Sammy. An appropriate VH song would be “Running with the Devil”
 
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