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Scary Floors

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Alison Swain

Thread Starter
Senior Member
Joined
Sep 13, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Did an inspection yesterday on a 90-year old home with pier foundation. Approximately 50% of the flooring underneath carpet made me nervous to tread upon --- "bouncy" let's just say. The homeowner said about seven years ago, there was a burst pipe that sprayed up underneath the house for about a month before the water company came out and asked him if he'd recently installed a swimming pool (given that his usage jumped 44,000 gallons in a month). Nope --- so they looked all around and eventually discovered the problem. Months go by before he discovers that his floors have a whole lot more play then they used to. Long story short, he missed his opportunity to have insurance cover it.

Now, I know how to describe the problem but shall I simply call for (recommend? make "subject to") an inspection by a certified contractor or make the appraised value subject to the issue being remedied.

Sorry, I'm rusty --- first appraisal I've done in over four months and a lot longer since I've had one with major issues.

One thing I don't want to do is get in to the "cost to cure" game.
 

Hola27

Sophomore Member
Joined
Dec 2, 2007
Professional Status
Certified Residential Appraiser
State
Ohio
at the bottom pg.1 URAR check the box yes. Are there any deficiencies or adverse conditions that affect the livability, soundness, structural ............and explain what you discovered.
 

Metamorphic

Senior Member
Joined
Mar 15, 2008
Professional Status
Certified Residential Appraiser
State
California
Given that you're in Florida I'd order a structural inspection with a dry rot pest inspection backer, and a mold environmental subject-to night-cap.
 

Tom Barclay

Senior Member
Joined
Apr 7, 2002
Professional Status
Retired Appraiser
State
Oregon
I have to vote for the "Subject To Inspection" by a qualified contractor.
 

Alison Swain

Thread Starter
Senior Member
Joined
Sep 13, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Thanks everyone. The bank has instructed "subject to" repairs with a final inspection required--- makes my life much easier.

Good suggestion about the mold inspection.
 
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