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No water meter

headscratch

Thread Starter
Freshman Member
Joined
Aug 29, 2013
Professional Status
Certified Residential Appraiser
State
California
I did a new construction condo unit... apparently there was no water meter hooked up yet, honestly i never noticed. The sales office called me over the weekend and said the water meter is now installed....is this an appraisal condition? i have never come across this and never checked the water meter... is this a subject to type of condition? he wanted me to come out again and take a pic as he is in a rush to close the sale, but not sure if i need to or not. Thanks
 

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
I did a new construction condo unit... apparently there was no water meter hooked up yet, honestly i never noticed. The sales office called me over the weekend and said the water meter is now installed....is this an appraisal condition? i have never come across this and never checked the water meter... is this a subject to type of condition? he wanted me to come out again and take a pic as he is in a rush to close the sale, but not sure if i need to or not. Thanks
It should have been a condition by you - If the lender wants you to do it then go back do a 1004-D , take a photo and charge them $100 $150 bucks - easy peasy :)
 

headscratch

Thread Starter
Freshman Member
Joined
Aug 29, 2013
Professional Status
Certified Residential Appraiser
State
California
Yea i am just going to wait until i hear back from my client and go from there. Thanks
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
So you appraised it as is but there was no water source as is? Nice. Got a license? Want to keep it? Pay closer attention. A RE agent calling you out so to speak ain't the best look to lenders and/or appraisal boards.
 

Mark K

Senior Member
Joined
Jan 27, 2004
Professional Status
Certified Residential Appraiser
State
Indiana
So you appraised it as is but there was no water source as is? Nice. Got a license? Want to keep it? Pay closer attention. A RE agent calling you out so to speak ain't the best look to lenders and/or appraisal boards.
Lighten up a bit.

First, he said no meter, not 'no water source'. Often times the water meter is the last thing installed and the water is supplied via a bypass for construction and testing.

Second, I know a lot of condos in this area that have no water meters on the individual units; the entire building is on one meter and the individual units are billed a flat rate.

To the OP, see what your client wants; you don't work for the sales office.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Lighten up a bit.

First, he said no meter, not 'no water source'. Often times the water meter is the last thing installed and the water is supplied via a bypass for construction and testing.

Second, I know a lot of condos in this area that have no water meters on the individual units; the entire building is on one meter and the individual units are billed a flat rate.

To the OP, see what your client wants; you don't work for the sales office.
I'm not being overly harsh. I could be. The OP apparently appraised as is and assumed it was ready and able to be occupied. The OA should have been made subject to "ready and able". Regardless or individual meter or not.
 

Econobot

Junior Member
Joined
Aug 9, 2019
Professional Status
Certified Residential Appraiser
State
Colorado
Depending on the assignment you should have checked to see if the water was functioning and the house was "completely finished", often times this is why a house needs a Certificate of Occupancy, the local inspector will do all of this. I would advise re-reading assignment conditions and revising your report yourself if you have made a mistake. I will condition a report to Certificate of Occupancy, it establishes legality in the context of a fully functioning residence and can save you a lot of trouble like you're describing.
 

Econobot

Junior Member
Joined
Aug 9, 2019
Professional Status
Certified Residential Appraiser
State
Colorado
Lighten up a bit.

First, he said no meter, not 'no water source'. Often times the water meter is the last thing installed and the water is supplied via a bypass for construction and testing.

Second, I know a lot of condos in this area that have no water meters on the individual units; the entire building is on one meter and the individual units are billed a flat rate.

To the OP, see what your client wants; you don't work for the sales office.
Bypassing a meter but continuing supply is not something any water provider would do, "sure we can give you free water with no way to measure it" said no water company ever.....
 
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