Monthly Archives: February 2014

How is an Unfinished Home Appraised?

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Can an appraiser make a report on the value of an unfinished home? In short, yes. To do so, there are two different routes the appraiser can take: determine an “as-is,” or a “subject to,” appraisal value. An “as-is” appraisal is fairly common and just as it sounds, it’s an appraised value for a homeCan an appraiser make a report on the value of an unfinished home? In short, yes. To do so, there are two different routes the appraiser can take: determine an “as-is,” or a “subject to,” appraisal value. An “as-is” appraisal is fairly common and just as it sounds, it’s an appraised value for a home in its current condition during the time of the appraisal. A “subject to” appraisal


As Is Value Appraisals

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Appraisal assignments are rarely simple and straightforward. Further complications arise when an appraisal is ordered at the point a property is in, or about to enter, some form of transition. By transition, I mean any of the following: •Change in zoning or deed restrictions •Change in allowable density •Plans or plat in the approval processAppraisal assignments are rarely simple and straightforward. Further complications arise when an appraisal is ordered at the point a property is in, or about to enter, some form of transition. By transition, I mean any of the following: •Change in zoning or deed restrictions •Change in allowable density •Plans or plat in the approval process •Proposed development of a vacant