• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

What's the difference between a C5 and C6?

Status
Not open for further replies.
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.

A home with the roof caving in and the ceilings caving in is structurally sound and habitable? On what planet?
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top