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Re-inspection on a re-assignment

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road runner

Thread Starter
Freshman Member
Joined
Oct 21, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
I received a new assignment on a property I inspected 2 months ago. The original order was eventually cancelled so I never completed the report. Can I complete the new assignment without re-inspecting the property as long as I disclose the original inspection date in the report?
 

StephHigdem

Member
Joined
Jan 5, 2004
Professional Status
Certified Residential Appraiser
State
Idaho
USPAP, liability, certifications & professionalism aside.... why would you want to?
 

The Warrior Monk

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Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
It depends on the scope of the assignment.

FWIW, I handle lending assignments more cautiously than a nonlending assignments. For example, if the lender wanted a no-inspection appraisal using information based on a prior appraisal, chances are I wouldn't do it. However, I wouldn't think twice about doing it for an attorney in a nonlending situation.
 

leelansford

Elite Member
Joined
Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
I received a new assignment on a property I inspected 2 months ago. The original order was eventually cancelled so I never completed the report. Can I complete the new assignment without re-inspecting the property as long as I disclose the original inspection date in the report?

Yes.

If you do, be certain to receive the instruction--in writing--from the client that they will accept your appraisal with the effective date 2 months prior to the date of the request for the appraisal. Following, be certain to report this condition in your report of the appraisal.

But...are you 100% certain that there has been no significant change (including, but not limited to recent sales and other market activity) in the market over these past 2 months? Be careful! If there is any question that market status 2 months ago does not represent the market today, I would not do as you suggest. And, with what has been occuring nationally during the past few months, I'd advise against what you suggest.

Better: inspect again and scrutinize and analyze current data.
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Does your certification say anything about an inspection? Do they want an effective date as of your previous inspection date. Your title says re-assignment but I see that you do understand it is a NEW assignment.

AO # 3 (yeah I know, not part of USPAP) gives you 3 suggested options.

While USPAP does not require an inspection, your certification may.
 
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