Illegal security bars on windows.

[DARREN GODFREY]

Did an appraisal on a SFR on a 1004, the purpose of the appraisal is PMI removal. I observed that one bedroom window had security bars with out release which is against county code and made it subject to removal of security bars.
Now the lender is demanding that I remove the subject to because it is an PMI as is report.

Help me on this one, regardless it seems to comply with county code I have to ask for removal.

 

[glenn walker]

Did an appraisal on a SFR on a 1004, the purpose of the appraisal is PMI removal. I observed that one bedroom window had security bars with out release which is against county code and made it subject to removal of security bars.
Now the lender is demanding that I remove the subject to because it is an PMI as is report.

Help me on this one, regardless it seems to comply with county code I have to ask for removal.

It's for PMI and your engagement is not to be acting as a code compliance officer. Remove it and be done.

 

[Tom4value]

You can appraise it as is, state what you see and summarize whether or not the code violation affects market value or marketability. By all means, don’t ignore it!

 

[Terrel L. Shields]

Did an appraisal on a SFR on a 1004, the purpose of the appraisal is PMI removal. I observed that one bedroom window had security bars with out release which is against county code and made it subject to removal of security bars.
Now the lender is demanding that I remove the subject to because it is an PMI as is report.

Help me on this one, regardless it seems to comply with county code I have to ask for removal.

PMI is "as is". Simply state the bars are in violation of county code and are a fire and safety hazard. That's all. Do you think it affects value? How so? dismantle the bars is likely what a buyer would do. Impact on value is zip I bet.

 

[George Hatch]

I wouldn't omit mention of the condition but - depending on the user and their requirements - the appraisal doesn't need to be made "subject to" remediation. Estimated cost to cure is <$500 (just take them off). It's not enough in amount to affect value or marketability.

 

[ZZGAMAZZ]

I wouldn't omit mention of the condition but - depending on the user and their requirements - the appraisal doesn't need to be made "subject to" remediation. Estimated cost to cure is <$500 (just take them off). It's not enough in amount to affect value or marketability.

Remember that "C2C" also includes the cost to add them back to the windows, after the mortgage transaction is completed !!!!! LOL

 

[Tom D]

one bedroom window? so there are other windows in the bedroom that you can get to? bars on windows are not illegal if you have 2 other means of egress.
not a reasonable request.

 

[ZZGAMAZZ]

one bedroom window? so there are other windows in the bedroom that you can get to? bars on windows are not illegal if you have 2 other means of egress.
not a reasonable request.

Perhaps just an inadequate description of the scenario. First thing I noticed as well.

 

[sputnam]

We are not the zoning police. We are appraisers. If the Client requested an 'as is' current market value, that is what you give them. You absolutely note in the report any issues you find... and, if possible, you measure market reaction to those issues and make adjustments accordingly. The building codes that I'm familiar with don't require that every window in a bedroom be suitable for egress... just that there be suitable secondary egress.

 

[ZZGAMAZZ]

We are not the zoning police. We are appraisers. If the Client requested an 'as is' current market value, that is what you give them. You absolutely note in the report any issues you find... and, if possible, you measure market reaction to those issues and make adjustments accordingly. The building codes that I'm familiar with don't require that every window in a bedroom be suitable for egress... just that there be suitable secondary egress.

I would presume that it is a zoning violation egregious to the extent that it rises to the level of a potential H&S hazard--although I'm real fuzzy about the argument about the appraiser's responsibility to the public trust to define H&S hazards as being "Subject To" regardless of what the client prefers. Peer comments?