- May 23, 2013
- Professional Status
- Certified Residential Appraiser
Assignment is Refinance. It is a brand new high-end property. There are 'No Garage Doors' [See Photograph] and borrower says he has no intention to put garage doors in near future and wants the property 'Appraised As-Is'. Besides 'Garage', there is 'No Fence', 'Exterior Kitchen and Grill' are Incomplete, No Landscaping' etc)
- Should this 'Incomplete Garage' be treated as a 'Carport'?
- Should this property be even treated as C-1 Condition, (If Hypothetical Condition - Subject to Completion is not to be used)
- Can 'Cost to Cure' be used and property still qualify in C-1 Condition