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Personal Finances / Buying or Selling a Home


Subject:  Re: Apprasials - Condition of Property Date:  2/22/2013  8:51 PM
Author:  CCinOC Number:  124838 of 128887

How much do apprasials consider the condition of comparable properties?

There's a section within the appraisal report for "condition of property." The descriptors are now different; they used to be "fair," "good," "average," etc. Now it's E-1, E-2, E-3, E-4 and so on, with specific definitions for those labels.

Obviously, the appraiser can't go inside the comparables, but s/he will certainly describe the exterior condition of each comparable property.
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