SteveSpy
Junior Member
- Joined
- Jan 14, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Illinois
Hello:
I am appriasing a rather unique gut-rehab condo. I have a few comps of similar properties in the area, but I feel the best estimate of value would be the sales of the other identical units in the complex (there are three of them).
Usually I write an addendum listing pending sales and listed properties that have been taken into consideration. Does anyone feel it resposible to list one of these 'pending sales' in the comparables grid on the 1073? If so what verbage do you include. I have spoken with all the agents and the developer, and all the contract will go through within 30 days, however, I am appraising the unit that will close first.
Thank you for your help. Everyone on this board is extremely thoughtful and appreciated!
Steve
I am appriasing a rather unique gut-rehab condo. I have a few comps of similar properties in the area, but I feel the best estimate of value would be the sales of the other identical units in the complex (there are three of them).
Usually I write an addendum listing pending sales and listed properties that have been taken into consideration. Does anyone feel it resposible to list one of these 'pending sales' in the comparables grid on the 1073? If so what verbage do you include. I have spoken with all the agents and the developer, and all the contract will go through within 30 days, however, I am appraising the unit that will close first.
Thank you for your help. Everyone on this board is extremely thoughtful and appreciated!
Steve