Is this an adverse condition (environmental condition) or defered maitance?

[Greg davenport]

Does this fit under the adverse condition (environmental condition) in the site section or does it go in the improvements section (physical deficiencies)

Here is the deal.
30 year old house, ok condition, but the sewer lines from the house to the public hook up are shoot. (See photo).

The line is so broken that it has to be replaced, it has not reached the point of backing up into the house, but the ground is saturated with water to the point of pooling on the surface.

There was no smell at the time of the appraisal.

how would you handle it?

 

[CANative]

I would make the appraisal subject to repair using an HC. It's a health issue, a health code violation, and left unrepaird would probably affect the livability, soundness and structural integrity of the improvements.

 

[hastalavista]

how would you handle it?

With gloves and a gas mask.

 

[J Grant]

I'd cover myself with both a repair issue, and evnironmental, recomend inspections as you are not an env expert and cannot measure impact if any on soil, and recommend or make it subject to repair.

 

[Wendy]

Low cost irrigation to select yard areas?

 

[Ms. Janet]

With gloves and a gas mask.

btw...........i agree with greg.............sounds like a health and safety issue.........

 

[Fred]

Deferred maintenance is the grass that needs to be cut.
Enviormental contamination would usually be non organic compuonds, although some tree-huggers would argue that when you breathe it harms the environment (CO2 emissions).
Adverse conditions, yes. Detrimental conditions, major repair item, factor that affects marketability, damaged plumbing - all that stuff and stuff like that

make it subject to repair

That is not a decision an appraiser should make unilaterally. It would be a SOW error not to commicate with the client to find out whether intended user(s) decisions require as-is value or as-if-repaired value.

 

[CANative]

That is not a decision an appraiser should make unilaterally. It would be a SOW error not to commicate with the client to find out whether intended user(s) decisions require as-is value or as-if-repaired value.

I suppose that would be true if appraisers and loan originators had acted responsibly more often, but they didn't, so it's not. Fannie Mae saw to that.

 

[David Santacroce]

Property Not Saleable As Is. Owner Must Repair.

 

[Marcia Langley]

Greg,

I agree. If this is a Fannie job, repair is required.