Old 2055

[Betsy Coopman]

I have a request for an old 2055 Exterior Fannie Mae 2055 9/96. My quaestion is this. I need to make a quality of construction adjustment, however there isnt a spot for quality of construction? Per owner and per exterior inspection, the subject has brand new vinyl siding and one of my comparables has older wood siding. I have only done a few of these, but I never had to adjust for quality of construction.

 

[CANative]

The old 2055 has two blank cells at the bottom of the sales grid section. Use that if you like.

I can't see new vinyl siding as a quality issue. If you think an adjustment for the new siding is warranted it might be better to use the condition line and call it updating.

 

[Mztk1]

How old is the house?

Sometimes the vinyl siding takes away from value.

Plus, I am not so sure it is a quality issue. If the wood siding was scraped and painted real nice, and it looked good, would you still make an adjustment for quality? Not knowing your market, but extending it to market's I have appraised, I wouldn't.

It sounds more like a condition adjustment.

 

[Thomas Fiehler]

Just wondering why the type of exterior siding impacts the quality of construction? I can show you fair quality houses with brick exterior or good quality homes with vinyl siding.

 

[Mike Boyd]

The old 2055 has two blank cells at the bottom of the sales grid section. Use that if you like.

I can't see new vinyl siding as a quality issue. If you think an adjustment for the new siding is warranted it might be better to use the condition line and call it updating.

I agree with Greg. Must be something in the genes.

 

[Joker]

I concur. It is likely a condition adjustment. But as Mr. Boyd said, there are two blank lines to make adjustments for other market perceived differences.

 

[leelansford]

I have a request for an old 2055 Exterior Fannie Mae 2055 9/96. My quaestion is this. I need to make a quality of construction adjustment, however there isnt a spot for quality of construction? Per owner and per exterior inspection, the subject has brand new vinyl siding and one of my comparables has older wood siding. I have only done a few of these, but I never had to adjust for quality of construction.

There are spaces where you can add the category for "quality of construction"; NEVER allow the "form" to limit what is necessary!

And...what is your plan for "appraiser's certifications" #8 and #9?

 

[Joker]

I am sure this appraisal was done by invoking the departure provision of USPAP.








(waiting for comment)

 

[Terrel L. Shields]

am sure this appraisal was done by invoking the departure provision of USPAP.








(waiting for comment)

beat me to it....why would an idiot order a 2055 "old" - lenders...always lenders.

 

[Webbed Feet]

There are spaces where you can add the category for "quality of construction"; NEVER allow the "form" to limit what is necessary!

And...what is your plan for "appraiser's certifications" #8 and #9?

What's wrong with #8?

Webbed.