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Need help calling a dump something else

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Jeff Horton

Thread Starter
Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
Someone have a nice way of saying the "house next door to subject is a dump"? I have a situation like that and I can not seem to come up with a nice way of calling it a dump.

Any creative suggestions?

Jeff <*><
 

Ray Ohler

Sophomore Member
Joined
Jan 15, 2002
A DUMP, is a DUMP, is... But, seriously if the property is really that bad you have a form of external obsolescence due to the property next door EHIBITING signs of extreme deferred maintenance and possibility of VERMIN (not the owner's necessarily). Hey, be like the appraisers here who have board-ups and sealed labels by licenses & inspections, HOLD THE CAMERA VERTICAL.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Property adjoining the subject shows extensive deferred maintenance, the most obvious being in rubbish removal. See attached photograph.

:lol:
 

Jeff Horton

Thread Starter
Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
The property next door is interesting to say the least. I could see two mobile homes ends showing from under the roof over and addition to the front. Maybe this is a triple wide? :)

Excess number of cars in the yard too. I really wanted a photo but the fellow kept standing the yard watching us to see what we were doing. Oh well. At least it is for an Individual and not a Loan. Won't be all that underwritting questions to deal with.
 

Larry Lyke

Senior Member
Joined
Feb 2, 2002
Jeff --

"Parcel next door considered to have External inadequacies for which __% depreciation has been taken. Said property is below average in exterior maintenance and debris surrounds the improvements." [or debris in frontyard, etc.]

The above wording is ONLY because you're writing it for a private party.
 

jtrotta

Senior Member
Joined
Jan 16, 2002
During our extensive investigation of the subject, a funny sound approached us in the sky and as it grew closer, we noted it took on a resemblance of Dumbo the flying elephant and we herd & felt a ground tremor, as we glanced toward the abutting property, and noted the elephant (well note photo of the *dump* next door) must have.

this any help 8)
 

jt

Freshman Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Pennsylvania
Try, LAND-FILL".
 

Ross (CO)

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Do you feel the neighboring property is directly affecting your subject's market value ? Is there another disheveled or challenged property like this one, across the street, or further down the street ? Take your subject's front and street view photos at such an angle as to include this neighbor's place, say nothing in your text about it, unless you are certain of a direct influence upon subject value (ie. several failed for-sale listings on the subject, because of the neighbor's place). Just put a label icon on the photo pointing to the SUBJECT house so the reader sees the other place next door, as well. You may need to say nothing un-nice about it after all. Let the pictures do your talking. Is that not a prime asset to the street scene photo anyway ?
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
Personally I would make some comments in the appraisal, probably in the addendum. Don't know if I would make an adjustment for it, but don't know how bad it is either. Maybe they could put up a fence to hide it from view of the subject. Or maybe it stinks to high heaven?

Isn't appraisal fun :?: :lol:
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
Ta Da Dump
Ta Da Dump
Ta Da Dump Dump Dump!

:lol: My favorite emoticon. :lol:
 
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