Is a vacant unit considered owner occupied or rented?

[Fernando]

They don't have that checkbox on the condo form, unit vacancies. It either dis, or dat.

In the rental ratio, I wonder how GSEs consider vacant units.
I think they give benefit of the doubt like me to say owner occupied.

 

[sputnam]

Nando... are you really an appraiser? Have you really been appraising as long as you want us to think? Is this the 1st time you've appraised a condominium? You must not be too busy since, you like to worry about how the GSEs think about things.

As for finding out how many units are owner occupied... it's simple.. but it can be tedious and time consuming..

 

[Fernando]

Nando... are you really an appraiser? Have you really been appraising as long as you want us to think? Is this the 1st time you've appraised a condominium? You must not be too busy since, you like to worry about how the GSEs think about things.

As for finding out how many units are owner occupied... it's simple.. but it can be tedious and time consuming..

Having worked as an appraiser, I see the flaws in the form.
Other just do the form for the money and don't give a sh*t.
I question the ambiguity of some of the fields. If some of the issues were clear, there would be a clear consensus for the "simple" answers.
For example, what does Date of Contract mean? Regardless, Nando calls it as real estate agent sees it - Date of the Contract on the top page of offer and not the ratified date.

 

[Charles West]

I think an intervention is coming.

 

[Fernando]

I think an intervention is coming.

Go back to your political rantings.

 

[sputnam]

Having worked as an appraiser, I see the flaws in the form.
Other just do the form for the money and don't give a sh*t.
I question the ambiguity of some of the fields. If some of the issues were clear, there would be a clear consensus for the "simple" answers.
For example, what does Date of Contract mean? Regardless, Nando calls it as real estate agent sees it - Date of the Contract on the top page of offer and not the ratified date.

The form is not the appraisal. The form is only how you report the appriasal. The fields are ambiguous because you haven't taken the time to learn and understand the legacy forms... and also because the forms were written to be used nationally... not just for your market. Appraisers in various places don't all use the same terms. You might know, for example, that some appraisers say 'abstraction'. Where I am, we say 'extraction'. The forms reflect the information that Fannie/Freddie thought was important and wanted. Changes in USPAP, other regulations, and lending practices have made the forms more and more out of date.

"What does Date of Contract mean?" Really? Are you a landlord? Have you ever bothered to study contract law at all? Even 1st year business students know that the date of a contract is the date of agreement. In real estate, that means... the date it's signed by all parties.

 

[Dublin ohio]

Nando calls it as real estate agent sees it - Date of the Contract on the top page of offer and not the ratified date.

Good luck trying to enforce a RE contract that is not signed by both parties

 

[sputnam]

Good luck trying to enforce a RE contract that is not signed by both parties

Exactly

 

[Mark K]

Nando... are you really an appraiser? Have you really been appraising as long as you want us to think? Is this the 1st time you've appraised a condominium?

I honestly believe that he turns his account over to a young teenager most of the time. The grammar and responses are what you would expect from a 13-year-old child, a marginally literate child at that.