Residential property appraiser that covers the Metro Atlanta, GA market. Metro Atlanta #1 rated appraisal company an also the only one that is a member of the Atlanta BBB
Just remember that for valuation purposes the basement is treated with a different value as the main living space. That is why in the appraisal world a person my have a 3/2 with a basement with 1/1. In the owners and Realtors eyes it's a 4/3. Fannie Mae clearly calls out how we are to treat basements and that can be found in the Fannie Mae 2007 Seller Guide, Part XI, Chapter 4, 405.05.
I suppose in a way that can be good since the NAR is always putting the spin on the news to make it appear better than it is. I understand why, they are in sales, but come on. Now is the time for complete honesty to all consumers.
Correct. As I mentioned in my posts, condition is very important. Now it's just getting everyone on the same page and doing what's correct. Sadly, there still are too many bad apples in the bunch to spoil it for everyone. That applies to not only appraisers, but Realtors, brokers, lenders, etc. Until we get rid of the bad apples our business will continue to be challenging. Worth Every Dollar Appraisals
