Top 10 reasons to stop and call…

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Presentation transcript:

Top 10 reasons to stop and call…

…If you are not competent to complete the assignment… Stop and call… …If you are not competent to complete the assignment… When was the last time you completed an assignment in this area? When was the last time you completed an assignment on this property type? Have you ever done a report on this assignment type? Make sure you have access to proper MLS/data sources.

…when the wrong form type has been ordered… A 1004 was ordered, but the inspection revealed a multi family dwelling. 1073 was ordered, but the inspection revealed PUD. A 1025 was ordered, but the inspection revealed a single family dwelling with an ADU. Stop and call… …when the wrong form type has been ordered…

…when the highest and best use of the subject, is not the current use… Stop and call… …when the highest and best use of the subject, is not the current use… Physical Possibility Legal Permissibility Financial Feasibility Maximum Productivity

…if the subject property is not a residential dwelling… Stop and call… …if the subject property is not a residential dwelling… Agriculture/income producing farm Bed and Breakfast Boarding house Condo-Hotel (Condotel)

Stop and call… …if the condition and quality of the subject improvements are a C6 and/or Q6… C6 The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components. Note: Substantial repairs are needed to the improvements due to the lack of adequate maintenance or property damage. It reflects a property with conditions severe enough to affect the safety, soundness, or structural integrity of the improvements. Q6 Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings are often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanical systems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additions to the original structure

…if the subject dwelling is atypical / unusual in any way… Stop and call… …if the subject dwelling is atypical / unusual in any way… Berm/Below Grade Bed and Breakfast Geo Dome Co-Op Condo-Hotel (Condotel) Mixed Use Working Farm

…if the subject use is in violation of building and zoning compliance… Stop and call… …if the subject use is in violation of building and zoning compliance… Existence of an ADU violates zoning Number of units violates zoning Current use is illegal Garage conversion violates zoning Basement improvements violates building codes

Stop and call… …if inspection discovered the subject is in progress of undergoing renovations… Kitchen is not functional in it’s current condition. Bathroom(s) are not functional in current condition. If any addition is in progress.

…if subject utilities are atypical… Stop and call… …if subject utilities are atypical… Off the grid Solar only No permanent water source (cistern, stream, trucked in)

…if you have provided any prior service on the subject property… Stop and call… …if you have provided any prior service on the subject property… As an appraiser As a broker As a builder As an agent

Stop and Call us… You are not competent to complete assignment The wrong form type was ordered Highest and Best use is not the current use Subject is not residential Subject is rated C6 / Q6 Subject dwelling is atypical Subject is in violation of building and /or zoning compliance Renovations are in progress Atypical utilities Prior service

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