Multi-family addresses

[Tim Hicks (Texas)]

Is there a problem with going to the property and using the address it has on it?
The postal authority has complete control of addressing ... it is part of their mission. For us to think Title Companies never make a mistake would be to admit you have never appraised a property where the title company has missed something. I have ... numerous times.
I take a photograph of the address ... street sign, whatever it might be .. and send it to my client and say this is whats there .. YOU sort it out.
Its not my job. Im just going to report what I physically see and nothing more.
And if its 912 - 916 ... then thats the address that goes on my report. Simple as that.

See, Property Economics likes to include the addresses across the street in his report. 912,913,914,915,916.

 

[PropertyEconomics]

See, Property Economics likes to include the addresses across the street in his report. 912,913,914,915,916.

UHHH NO .. HIcks you make stuff so complicated ... and you know that wasnt what I meant. Geez ... you freaking appraisers with too much time on your hands. GET SOME WORK.

 

[Couch Potato]

I knew this would be a fun discussion. I explained to the lender that 1049-1051 Irene as they ordered it would include 1050 Irene across the street, but they did not see the humor in my response.

A property can have a postal address different than it is legal address here in TX. In fact, we have many properties that will be in the city limits of one city, but have a mailing address of another city. You would report the property is one city, when it is actually in the city limits of another?

I don't see how intermingling legalities is an issue here. The tax office does not recognize a 1051 Irene. :Eyecrazy: The postal service does not define legality.

So you freely admit to not appraising the property that was on the order?