Three values, one report

[Tom D]

It depends on if you used a form program. The form programs does like different types of adjustment pages in the same appraisal. You can do many values, but your issue is how to make it 1 pdf without a lot of confusion. Now if you can put the values on 1 appraisal, then reference the other 2 reports, then easy peasy.

 

[sputnam]

It depends on if you used a form program. The form programs does like different types of adjustment pages in the same appraisal. You can do many values, but your issue is how to make it 1 pdf without a lot of confusion. Now if you can put the values on 1 appraisal, then reference the other 2 reports, then easy peasy.

Sure... if you try to report the appraisals on the URAR or other GSE form... it will be a challenge. You will have to add a lot of comments.. both to cover the deficiencies in the form and to supersede the parts of the preprinted form that aren't applicable. If it's one report, making it into one PDF is trivial. If you try to do separate reports and merge them.. yeah, it will be a mess.

 

[J Grant]

REO appraisals ask for two values.
If I remember correctly, Relo appraisals can ask for two or more values - one in normal marketing days, the other value in quick sale marketing time.

 

[Ollie]

Thank you everyone. I was asked to do two reports (the land value was just added) and now the lender will not accept them. The lender will only accept one report which must include three values.

 

[George Hatch]

So whomever asked for 2 in the first place ended up being incorrect. It happens. I would just chalk it up as an occupational hazard.

 

[Ollie]

So whomever asked for 2 in the first place ended up being incorrect. It happens. I would just chalk it up as an occupational hazard.

I am fine with that. I am concerned that three values for different things will be confusing on one report. Thanks

 

[George Hatch]

Oh, you were definitely right in the first place. it will be confusing and harder to read. But that's what happens when we give too much power to a clerk with a superficial understanding of what we do. Can't help that.

 

[J Grant]

Thank you everyone. I was asked to do two reports (the land value was just added) and now the lender will not accept them. The lender will only accept one report which must include three values.

If the client wanted two reports (two appraisals ), they would have ordered two separate assignments, each wth its own fee.

Maybe someone on the client end did want two reports, or it perhaps it was assumed they did - idk.

 

[sputnam]

Maybe review your letter of engagement to be sure but... if you did what was requested in the LOE and now they want something different... I think you are entitled to an additional fee for the additional work.

 

[Digger88]

Sure thing put the house and current lot on page 2, highlight the subject column and hit ctrl + L to lock the column. Put the house and subdivided lot on comps 4-6 page and hit ctrl + L again to lock the column and change the lot size there (it won't transfer to page 2). Do a land grid and screenshot that page and paste into a blank "scanned document" page. Put the subdivided lot value and land value at bottom of the grid in the summary.