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Storage Unit Added As Addendum To Original Contract

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Mark Lamb

Thread Starter
Freshman Member
Joined
Sep 29, 2004
Professional Status
Certified Residential Appraiser
State
Virginia
Submitted Appraisal On New Condo. A Week Later Sales Office Submitted Addendum For Storage Space And Added Cost To Contract Price Of Condo. Waiting For Call Back From Sales Office. How Do You Handle Adding Storage Space To Contract.
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
New Assignment, New Subject Improvements Description, New Contract Analysis, New Market Data Analysis to determine Contributory Value (if any) of the additional Improvement, New Effective Date, New Site Inspection with new photos - possibly new comparables. New fee based on "time served".
 
Last edited:
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
New Assignment, New Subject Improvements Description, New Contract Analysis, New Market Data Analysis to determine Contributory Value (if any) of the additional Improvement, New Effective Date, New Site Inspection with new photos - possibly new comparables. New fee based on "time served".
Exactly!!!!!
 
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