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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128129  
Subject: Apprasials - Condition of Property Date: 2/22/2013 5:19 PM
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How much do apprasials consider the condition of comparable properties?

A house in our neighborhood went on the market this week. Given the real estate taxes, it was probably purchased in the 60s. It is likely being sold by an estate. The photos show that the house is empty. Most of the house has a worn appearance. Carpets are staned. It has original paneling. Given the condition of the upstairs, there could be roof issues. Some changes have been made to the kitchen. I won't call it updating, more like what were they thinking. Backsplashes don't match. Cabinets were either added or replaced, and sort of match the other cabinets. The pattern in the back splashes and flooring give the appearance of a 50's diner.

It is a larger house, but that is a straight forward comparison.
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