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Short Form for Probate?

Mediocre Jones

Thread Starter
Freshman Member
Joined
Aug 8, 2016
Professional Status
Certified Residential Appraiser
State
Ohio
Hi all. I'm working on an appraisal for a probate case. I usually use the GA form in TOTAL for any non-lender work, but this time the client (a lawyer for whom I've done a few) said they don't require anything that lengthy for this particular situation. I don't have much experience with probate in general, and I don't have any experience with narrative appraisals. He said all he wants is a paragraph or two, as the home is in bad shape and is going to probably be razed by whomever buys it. I don't know what's acceptable in probate town, but I don't feel that's formal enough (or thorough enough?) because I'm so conditioned to include the minutiae required on lender forms. I don't mind using the GA form, but I don't want to create more work for myself if the intended user doesn't need/want it. I'm confident I can support a valuation with a letter, but I have never done it so I don't know if a page of narrative is going to fly with a probate judge? What is the shortest non-lender form in TOTAL? Thanks in advance for your input.
 

ramrcdk

Senior Member
Joined
Jan 15, 2008
Professional Status
Certified Residential Appraiser
State
North Carolina
Restricted Report GP ?
There is another Option but its a Fannie Form.
 

George Hatch

Elite Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
California
"they don't require anything that lengthy for this particular situation" usually means they want the fee to be as low as possible. They think the report drives your process and that less report is commensurately less time consuming on your part.

If you already have your GP template teed up and ready to use that might still be the fastest and most expedient way to report this appraisal. Or, if the atty is correct that this property is worth more as land then - after you perform the HBU analysis that you should be doing anyway - you might end up using a land form.
 
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