- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
Alright, which one of you guys (or girls) is the one who told a lender that new home construction does not have to be 100% complete to get a satifactory completion from the appraiser? Every time I get an order for a final inspection, I hear "well, its almost complete, but as long as it is 90-95% complete, you will do the final won't you?" I have always stood my ground and said "no, the home has to be complete and ready for occupancy", but obviously I am the only appraiser in America that has that policy. Is this a clever ruse passed around by loan officers throughout the land or are there some of you out there actually doing a final with no carpet, no electric, water or gas meter, no glass mirrors or shower glass, no appliances, a half paved drive way,etc.? Obviously, somebody out there must be falling for it or I would not get the question every time. Come on, which one of you is responsible?