Need some help with a Condo Appraisal

[Mike Kennedy]

So compare those to 2 year old sales without the good view to get your adjustment. Then calculate need market condition adjustments between 2 years ago and today. It's fairly straight forward, but it is a lot of work. Include the sales used to calculate the adjustments either in the normal grid or in your comments. They are more likely to be read and understood in the grid, IMHO.

totally agree.

 

[TXCBoy36]

Well, to update everyone. I cancelled this inspection due to the fact that the property did not have enough comparables to accurately support a reliable estimate of value. But, I wanted to thank everyone for their responses.

John

 

[Ariba]

Well, to update everyone. I cancelled this inspection due to the fact that the property did not have enough comparables to accurately support a reliable estimate of value. But, I wanted to thank everyone for their responses.

John

So you are saying that the subject could not be appraised? :dry: Anything and everything that has a value can be appraised!

So was the order for a comp check or predetermined value?

 

[Doug Meyer]

John: I tend to find these more difficult properties to be challenging and sometimes I like a good challenge (especially when the fee is there to match). I would have taken up the challenge as has been stated before, we are appraisers....

 

[TXCBoy36]

Personally, after an intensive review and considering all avenues....I felt that the ethical thing to do was to decline the order, which is the ethical thing to do. I feel that I did the right thing to do. The fee was the standard fee, nothing extra for the extra work required to perform the needed task.

So, it is done. I appreciate all of the positive responses.

John