GWC
Freshman Member
- Joined
- Sep 22, 2015
- Professional Status
- Certified General Appraiser
- State
- California
You need to make an assumption that is obvious in the report that the site is environmentally clean. Write it in the letter of the appraisal as well so the client has full knowledge of this assumption. Has an appraiser ever been held liable when it was explicitly noted in the report that the site was assumed clean and that the appraiser is not an expert in this area?
Good points everyone about the assumptions. I will definitely have a write-up that will cover myself for that.
And thank you Nacho, I agree that including demo costs will just confuse the reader since that segment of the property isn't being valued.