What's the difference between a C5 and C6?

[Peter LeQuire]

Sedulously eschew obfuscatory hyperverbosity and prolixity.

Roedy Green

In all territories of thought which science or philosophy can lay claim to, including those upon which literature has also a proper claim, no one who has something original or important to say will willingly run the risk of being misunderstood; people who write obscurely are either unskilled in writing or up to mischief.

Peter Medawar

 

[Peter LeQuire]

Sedulously eschew obfuscatory hyperverbosity and prolixity.

Roedy Green

 

[TRESinc]

So you never put "C6" as the condition on the report because C6 is subject to repair and your report must reflect the as-repaired condition, just like new construction. However, you still explain it in condition area so that it is understood: ie The report reflects C1 condition, however upon inspection, the handrail was missing, thus is considered C6 and subject to repair.

Same goes with the area where it asks are there any physical deficiencies or adverse condtions that affect liv, sound,or struct integrity...you would mark "NO" but explain it in the comments, ie "Upon inspection, adverse conditions were found that affected livability, noted above. "NO" was selected because this report is based upon the hypothetical condition that these conditions have been repaired."

so twice on the report you say it is "A" then contradict yourself later and say it is "B" using different rationales, one subject-to and one hc, on the same report. gee that's not misleading at all. that ranks right up there with the genius appraisers who perform a 1004D for a final inspection, check the box "YES" that everything is completed and then go on to explain how some things are not completed.

calling a new construction house that is missing a handrail a C6 for ONLY missing a handrail is ludicrous. it is still a C1 just subject-to-completion of the handrail being installed.

 

[Don Clark]

so twice on the report you say it is "A" then contradict yourself later and say it is "B" using different rationales, one subject-to and one hc, on the same report. gee that's not misleading at all. that ranks right up there with the genius appraisers who perform a 1004D for a final inspection, check the box "YES" that everything is completed and then go on to explain how some things are not completed.

calling a new construction house that is missing a handrail a C6 for ONLY missing a handrail is ludicrous. it is still a C1 just subject-to-completion of the handrail being installed.

IMNSHO almost all appraisers really need to read the C ratings a little more carefully. I believe that a C6 would be a residential property that is not habitable, unsafe, and not structurally sound. Essentially a tear down. A C1 with a missing handrail is still a C1 with a requirement for a hand rail.

I just completed a VA Liquidation appraisal. roof is caving in, almost all interior ceilings are caving in, possible mold, no appliances, all carpeting needs to be replaced. however, it is structurally sound, and there are no indications of any issues with plumbing, heating, and electrical. but since all utilities were off, that may prove to not be the case. I gave it a C5 rating, as i understand fannoie Mae's rating system.

 

[Mr Rex]

IMNSHO almost all appraisers really need to read the C ratings a little more carefully. I believe that a C6 would be a residential property that is not habitable, unsafe, and not structurally sound. Essentially a tear down. A C1 with a missing handrail is still a C1 with a requirement for a hand rail.

I just completed a VA Liquidation appraisal. roof is caving in, almost all interior ceilings are caving in, possible mold, no appliances, all carpeting needs to be replaced. however, it is structurally sound, and there are no indications of any issues with plumbing, heating, and electrical. but since all utilities were off, that may prove to not be the case. I gave it a C5 rating, as i understand fannoie Mae's rating system.

Maybe not so much. A house with roof and ceilings caving in hardly seems functional as a residence, one of the requirements of C5.

 

[residentialguy]

so twice on the report you say it is "A" then contradict yourself later and say it is "B" using different rationales, one subject-to and one hc, on the same report. gee that's not misleading at all. that ranks right up there with the genius appraisers who perform a 1004D for a final inspection, check the box "YES" that everything is completed and then go on to explain how some things are not completed.

LOL..you're right. The 2nd one should be subject to repair, too. I've been working on a HC report and my multi-tasking cross wired. It's not surprising that the point of it being that you never state C6 or Q6 on the form went over your head, though.

 

[residentialguy]

IMNSHO almost all appraisers really need to read the C ratings a little more carefully. I believe that a C6 would be a residential property that is not habitable, unsafe, and not structurally sound. Essentially a tear down. A C1 with a missing handrail is still a C1 with a requirement for a hand rail.

I just completed a VA Liquidation appraisal. roof is caving in, almost all interior ceilings are caving in, possible mold, no appliances, all carpeting needs to be replaced. however, it is structurally sound, and there are no indications of any issues with plumbing, heating, and electrical. but since all utilities were off, that may prove to not be the case. I gave it a C5 rating, as i understand fannoie Mae's rating system.

That's wrong though, Don. If one item in the house is C6, then the house is a C6 in the sense that the safety issues must be repaired. So it would be C5 or C4...but that would reflect the as-repaired status.

 

[TRESinc]

LOL..you're right. The 2nd one should be subject to repair, too. I've been working on a HC report and my multi-tasking cross wired. It's not surprising that the point of it being that you never state C6 or Q6 on the form went over your head, though.

no, it did not go over my head. you call it a C1 in one place but then later say it is a C6 due to a missing handrail. do you also call it a 2 story colonial but later say "after inspection i found it to only have 1 level above grade thus it is considered a 1 story ranch" too? makes just as much sense.

 

[residentialguy]

LOL...it's subject to repair. You're report is to ALWAYS reflect the repaired state or completed state (whatever it is subject to). I don't state that it is a C6 anywhere in the form. I do however explain in the comments that the handrail was missing and FNMA states that if any safety issue is there, then that essentially makes the whole house a C6 which requires a mandatory subject to repair so that it is not a C6, rather a C1 (or whatever the case)...your report must reflect the as-repaired condition. No different than when you do a new construction subject to completion; You don't appraise it as-is, which might be vacant land when you inspected it...you appraise it as completed and your report reflects completed improvements. Your inspection photos, however show a vacant lot.

Are you getting this?

 

[DMZwerg]

IMNSHO almost all appraisers really need to read the C ratings a little more carefully. I believe that a C6 would be a residential property that is not habitable, unsafe, and not structurally sound. Essentially a tear down. A C1 with a missing handrail is still a C1 with a requirement for a hand rail.

I just completed a VA Liquidation appraisal. roof is caving in, almost all interior ceilings are caving in, possible mold, no appliances, all carpeting needs to be replaced. however, it is structurally sound, and there are no indications of any issues with plumbing, heating, and electrical. but since all utilities were off, that may prove to not be the case. I gave it a C5 rating, as i understand fannoie Mae's rating system.

House without working heat in my area is a C6, regardless of condition otherwise