I love a Challenge Dee Dee

[Jeff Horton]

This one sounds like something you would get Dee Dee.

Just went to inspect a house, owner wants to sell and wants an appriasal to know how to price it. Drove up and its an nice looking typical ranch on a beautiful lake front lot. Its in a very small subdivision with small lots and few if any sales. Borders a commerecial area on the highway.

After I started to measure (before I went inside) I started to get concerned. The more I looked the more I was sure this was a TROUSE as Mr. Bucks calls them. Interior inspection revealed it was. Of course it has an addition that is bigger than the original part. The kitchens and bath have be redone and updated. While over all it is a bit dated but it was immaculate inside and out. Went outside to get photos and find the solar panels on the roof. The lot is exceptional large at the Lake frontage side and with a beautiful view.

All this is a one of the few lake front areas that is not that desirable. Few homes and even fewer sales. Commercial property and right next to a busy highway.

Man I love a challenge. :roll:

 

[Pamela Crowley (Florida)]

Hey! That resembles some of the ones I get!

 

[Caterina Platt]

Well Jeff,

Your saving grace is that it isn't for a refi and you don't have to stay within stringent, often ridiculous in these situations, guidelines. Exceed distance guidelines, use an old sale, marvel at your ability to make 60% total adjustments. Live it up! :lol: Aren't we masochistic sometimes?

 

[Jeff Horton]

Thats funny Caterina!! Of course I would have just used the totally out of line comps with old sales dates, to far away and all the other stuff anyway. Like most appriasers on here I save my best comps for when the Underwritter asks for them HAHA

 

[Caterina Platt]

Yup, of course I can't use my good comps unless I'm really forced to. I'd wear them out, you know. :lol:

 

[Jeff Horton]

LOL I love it!! I will remember that line for the next UW that asks for new comps. I love it!! Dont want to wear them out. :lol:

 

[Pamela Crowley (Florida)]

Guidelines? What guidelines? :roll:

Just finished one for a refi where comp #1 is 8 months ago, 3 miles, $45,000 site adjustment and net of 12.4%, gross 29.4%. Comp #2 is .3 mile, 2 years ago, $100,000 site adjustment and net of 32.8%, gross of 45.7%. Comp #3 is 11 months ago, 15.3 miles proximity, $45,000 site adustment, total net of $23.2 and total gross of 35.2%.

If they want #4 it's over 22 miles and 13 months ago.

Th...th...th...that's all folks!

 

[Jeff Horton]

Now Pamela, we KNOW you are holding back those good comps!! Come on, just fess up! :mrgreen:

 

[Dee Dee]

Jeff,
Sounds like fun! :?
Maybe you should just give him a low offer and buy the place. Let someone else worry about the appraisal. :lol:

 

[Charlotte Dixon]

I think we may all be alike. We save our really good comparables for special occasions!