Two Parcels in One purchase-related appraisal ?

[ZZGAMAZZ]

Before you say it, I realize that I should already know the answer but I don't:

The assignment pertains to the appraisal of a 2-unit residential income-producing property on a commercial zoned lot, per its MLS listing.

The listing indicates that an adjacent, vacant parcel is included in the purchase.

I am awaiting responses from lender, City Planning, and Listing Agent to deterine whether both lots are zoned commercial, whether both are included in the sale, and whether both are included in the appraisal assignment.

Question: Why and why can I include both parcels in one appraisal?

I did so in a previous assignment when 2 lots were deeded together, but I just can't remember the other circumstances that will support the use of a single appraisal

Thanks.

 

[Tom4value]

The why: because it is included into the sale.
Whar should you do. Go back to square one in appraisal, what is the highest and best use?

 

[glenn walker]

Before you say it, I realize that I should already know the answer but I don't:

The assignment pertains to the appraisal of a 2-unit residential income-producing property on a commercial zoned lot, per its MLS listing.

The listing indicates that an adjacent, vacant parcel is included in the purchase.

I am awaiting responses from lender, City Planning, and Listing Agent to deterine whether both lots are zoned commercial, whether both are included in the sale, and whether both are included in the appraisal assignment.

Question: Why and why can I include both parcels in one appraisal?

I did so in a previous assignment when 2 lots were deeded together, but I just can't remember the other circumstances that will support the use of a single appraisal

Thanks.

Yes and yes and you should know what your doing after so many of the same scenarios we have gone through in the last few years . Sorry but It may be time to just only take easy assignments where you don't have to think through the process.

 

[ZZGAMAZZ]

Yes and yes and you should know what your doing after so many of the same scenarios we have gone through in the last few years . Sorry but It may be time to just only take easy assignments where you don't have to think through the process.

Always difficult to recognize or to admit to one's failures, although I am awaiting a med that will reverse the aging process, with EIGHT existing medical issues that each require a speciality referral.

 

[sputnam]

You can include both parcels in the report because there's nothing in USPAP that says you can't. However, you also have to consider and comply with the Client's needs for the assignment. The Client may not care, they may want one report and one opinion of value, they may want one report with two opinions of value, or they may want separate reports. You can do any those and still comply with USPAP. Go back to the beginning. Identify the Problem. Identify the Client, the Intended User, the Intended Use and only then, do you develop the Scope of Work for the assignment.

 

[jay trotta]

Always difficult to recognize or to admit to one's failures, although I am awaiting a med that will reverse the aging process, with EIGHT existing medical issues that each require a speciality referral.

we want to make it easy to reach those meds, so first off, you will need to remove the white jacket you have on, so loosen all the belts & buckles.....and we'll see if we can get you out of that.

 

[Mark K]

Question: Why and why can I include both parcels in one appraisal?

As others said, you can put as many parcels in the appraisal report as you deem credible upon agreement with the client and the SOW. So yes, you can have two appraisals in one report, even if they have different HBU.

My record is 31 ag parcels in one report, however I recently finished a report that contained 30 parcels for a rails2trails organization. Many of those parcels had varying HBU.

 

[Mark K]

..... with EIGHT existing medical issues that each require a speciality referral.

Yours from another thread...

"BTW did you know that I live about a mile from a SoCal freeway--the same freeway I hitchhiked down 40 years ago when traveling back-n-forth cross country for a year, although I never hopped a train, when I was On The Road. Good times."

and

"Every girlfriend been 25 years younger, or 2500 miles away. I actually survived emotionally and physically after a 6-year and then a 4-year relationship with exotic dancers, although I experienced stuff that no man should ever endure,..."


One has to wonder to what extent these are related.

Like the saying goes..."If I'd known that I was going to live this long I would have taken better care of myself." I know that's crossed my mind on a few occasions.

 

[J Grant]

Before you say it, I realize that I should already know the answer but I don't:

The assignment pertains to the appraisal of a 2-unit residential income-producing property on a commercial zoned lot, per its MLS listing.

The listing indicates that an adjacent, vacant parcel is included in the purchase.

I am awaiting responses from lender, City Planning, and Listing Agent to deterine whether both lots are zoned commercial, whether both are included in the sale, and whether both are included in the appraisal assignment.

Question: Why and why can I include both parcels in one appraisal?

I did so in a previous assignment when 2 lots were deeded together, but I just can't remember the other circumstances that will support the use of a single appraisal

Thanks.

We would include the second lot along with the purchase ( if that is the case ) in a single appraisal because the client wants it that way. There is no USPAP rule around it. Whether an appraiser wants to accept it as an assignment is related to making a competency and a business decision.

 

[ZZGAMAZZ]

Yours from another thread...

"BTW did you know that I live about a mile from a SoCal freeway--the same freeway I hitchhiked down 40 years ago when traveling back-n-forth cross country for a year, although I never hopped a train, when I was On The Road. Good times."

and

"Every girlfriend been 25 years younger, or 2500 miles away. I actually survived emotionally and physically after a 6-year and then a 4-year relationship with exotic dancers, although I experienced stuff that no man should ever endure,..."


One has to wonder to what extent these are related.

Like the saying goes..."If I'd known that I was going to live this long I would have taken better care of myself." I know that's crossed my mind on a few occasions.

Yea. Go Figure. Another great lyric is "A legend's just a lonely boy...when he goes home alone."