Rating a property in "fair' condition.

[Mr Rex]

I wonder how long appraisers could get by with putting Average in all the other grid sections where the amenity was "Average" for the neighborhood as Greg points out? Anybody want to volunteer to test run one by your favorite (or least favorite) AMC?

 

[CANative]

You're mixing the need to adjust for differences in characteristics with descriptions of the characteristics on some of these.

Locatation: Urban/suburban/rural. It is what it is. Busy street or not a busy street. It is what it is.

Site: They want to know the site area. It is what it is.

View: Neighorhood. Ocean. River. Hills. Junk yard. It is what it is.

Condition: Good, Average, Fair, Poor. It is what it is.

 

[Mike Garrett RAA]

Too many appraisers with too little work. Most of this is BS. The client wants to know your opinion of the condition of the subject property. Fannie Mae wants that reported as Good, Average, Fair, Poor. FHA and VA follow suit. Stop with the BS of "well, its kinda, sorta, ahhh ummm, typical for the neighborhood. It's one of the above or, as in my case, above or below average.

Now, if you want to add some where in the narrative "the condition is good which is also the condition of other properties in the neighborhood"...do so. But to say the condition is "typical" is totally misleading and not what the client wants to see.