• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Satellite Photos, 2 Uses For Appraisers.

Status
Not open for further replies.

Frederick R. Ruffell

Senior Member
Joined
Jan 21, 2002
Professional Status
Certified General Appraiser
State
California
Recently my MLS has started including a link to a Satellite photo of the subject property. You can make out the roof tops and lots (with the aid of the plat map) quite well. But at first I asked myself what use can this be to an appraiser???? The photos have helped me in a big way twice so far.
1. I had a discrepancy between what was reported in the MLS and what I recall as observing on my Exterior inspection on a Comparable. The comp was a set of units. The MLS described it as 3 units in 1 building, I recall it as 3 units in 2 buildings (in my market it can be a big difference i.e. appeal to owner occupied) but doubted myself. I pulled up the Satellite photo and zoomed in and sure enough there was 2 separate buildings on the lot, clear as day.

2. I just got a request for an appraisal for a set of units and after reading Bobby Bucks latest post "Why Torture Yourself", I decided to dig into the subject property before accepting the assignment. I had a feeling about the address. I pulled up the property info and visualized the block, I know this block!!????? I said to myself, why do I not want this assignment????? I pull up the Satellite photo, there is the on ramp to Highway 94, there is the subject sided by 2 parking lots and a commercial building....... Can you say H&BU nightmare!!!!..... no but I can say "Declined"............... Thanks BOBBY :beer:
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top