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Getting Home Appraised
- Thread starter hoodini
- Start date
C
CTSV
They will also go into attics and crawl spaces, and such.
Y
yamaha_1fan
CTSV said:
No they wont. A home inspector will but not an appraiser.
It depends on where the grow is. Is it in a closet, the whole basement, etc? If in a closet and smell is good, just lock it and tell him you cant find the key, wife/gf took the key etc. If a whole bedroom or basement, then that may be an issue.
Correct.yamaha_1fan said:
1. If your ordering the appraisal it's simply a matter of "Hey..I rent a room, etc to my cousin and he's __________ (insert anything creative), so, that's not like an issue, right?".......Most likely he'll just shrug and say no...
2. Depending on exactly what you have....ie: Townhouse, condo.....something in a subdivision with 20 others the exact same that have sold recently......it might even just be a quick walk through (general condition, kitchen, baths, etc), or even a "drive by".....
3. Depends on op and appraiser..........you could try telling him "I rent/cousins room, etc...he might not be home, is that an issue, etc" when ordered....
Depends on op......if just a bedroom/closet....maybe not an issue at all (as a bedroom is a bedroom....as long as not a master, with bath, closet, which may or may not represent significant value to the property, etc...)
All depends on specifics but an appraisal can take many forms from simply a drive by to a quick walk through to a more detailed viewing and walk through...
Our house was appraised by the city for tax purposes shortly after we bought it. We didn't even know they did it until we got something in the mail telling us what our new tax rate would be.
Just to confirm what others have said, an appraisal is not the same as an inspection. The appraised value of your house is based on how many bedrooms and bathrooms you have, how many square feet, how old the house is, what other houses in the neighborhood are like, and that sort of thing. An appraiser isn't going to ask to look in your closets and may not even come in the house. However, if they do come in to look around and you have a mysterious glow coming from behind a locked door, well that's another story. I wouldn't worry about securing anything beyond what you would normally do if you have guests coming over. Guests that you might possibly give a tour of your house to.
Just to confirm what others have said, an appraisal is not the same as an inspection. The appraised value of your house is based on how many bedrooms and bathrooms you have, how many square feet, how old the house is, what other houses in the neighborhood are like, and that sort of thing. An appraiser isn't going to ask to look in your closets and may not even come in the house. However, if they do come in to look around and you have a mysterious glow coming from behind a locked door, well that's another story. I wouldn't worry about securing anything beyond what you would normally do if you have guests coming over. Guests that you might possibly give a tour of your house to.
Clarification: If your ordering the appraisal, they are working for you. (Actually, even if contemplating a refi, etc.....purchase, you still pay for it, but they are serving whomever contracted their services....)hoodini said:
But that was not an appraisal per se.Tony Aroma said:
Whenever a property is sold, the tax assessors office will simply use new/latest selling price to adjust the assessed value. (As will they factor in improvements based upon permits obtained throughout ownership, etc)
Whenever you buy, taxes are going up. (Based on new assessed value, based upon most recent selling price)
Some municipalities may do a drive by for a picture for the file on the property, others may not.
(Actually a mathematical formula that varies per municipality on how these figures come together.....local equalization rates, etc, etc...)
Y
yamaha_1fan
I agree with Julian.
If you order the appraisal for the hell of it, you are in total control.
If a bank orders an appraisal for a refi, then the appraiser is working for the bank.
An appraiser does not go through every square inch of the house, look at all your door knobs, counter tops etc and make a price. Of course if the house is really nice he will make note.
But the value of the house is based largely on general condition, square footage and comparable house sales in the area.
And what the tax man is different. They just came out here and measured the outside of the building to make sure there were no additions etc that didnt make it onto the tax roll.
BTW, I would not think of getting an appraisal right now. The way the market is, that doesnt mean thats what you can sell the house for.
If you do get an appraisal, make sure you have your best stash on hand, you'll need it after that big disappointment
If you order the appraisal for the hell of it, you are in total control.
If a bank orders an appraisal for a refi, then the appraiser is working for the bank.
An appraiser does not go through every square inch of the house, look at all your door knobs, counter tops etc and make a price. Of course if the house is really nice he will make note.
But the value of the house is based largely on general condition, square footage and comparable house sales in the area.
And what the tax man is different. They just came out here and measured the outside of the building to make sure there were no additions etc that didnt make it onto the tax roll.
BTW, I would not think of getting an appraisal right now. The way the market is, that doesnt mean thats what you can sell the house for.
If you do get an appraisal, make sure you have your best stash on hand, you'll need it after that big disappointment
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xOOx
Active member
everything said here is true. sometimes they just do a drive by..usually for just new home insurance policy thats good enough as long as you don't ask for outrageous insurance $... or they may choose to do a walk through, if its a town reappraisal for taxes, or for a real estate closing. usually they measure the outside to get an estimate of the sq footage, then just do a quick walk thru to count bedrooms,bathrooms,etc (maybe 5 mins max) closets dont matter, they won't look in.. they aren't like looking at your stuff, just the structure, rooms, condition, etc.
if its a corner of your basement, just turn it all off, cover it all up with a blanket, and store the plants in a car in ur driveway, throw a blanket over em, so theres no stinky and nobody lookin in ur car windows, lol. then bring em back in when the appraiser leaves -- no good?
xoox
if its a corner of your basement, just turn it all off, cover it all up with a blanket, and store the plants in a car in ur driveway, throw a blanket over em, so theres no stinky and nobody lookin in ur car windows, lol. then bring em back in when the appraiser leaves -- no good?
xoox
foolintherain
Member
Julian said:
don't say you're renting a room, unless you are in code for that with your municipality. that's something an appraiser would be interested in
I've had apprasials on 2 homes within the past 3 years. I asked the appraiser if they had to see every room. Every inch of it was his answer. Can't do a complete appraisal without it. He flat out told me he has had to go outside while people did whatever they had to do and would let him back in. Specifically move marijuana plants from room to room. They aren't stupid and have seen or suspected it all. Do not have any plants, unless you're "legal" when the guy comes. Some of them are up right citizens that WILL call the law in a heart beat.
But hey, it's your life! Do what you think is best!
But hey, it's your life! Do what you think is best!
G
Guest
Here's a big fat link for ya from an appraisal forum
http://appraisersforum.com/showthread.php?t=147648
http://appraisersforum.com/showthread.php?t=147648
That would apply to a "unit", not a "room" to a family member.foolintherain said:
Such as an "in law living arrangement".....a single family with a basement containing kitchen, bath, and bedroom rented to a third party.... or say a 4 unit building with an "illegal" 5th, etc...(which even then would most likely simply be bypassed as an inclusion on the buildings numbers.....ie: Not a legal unit?, then can't use income for lender)
Similar would be renting a garage to a neighbor for storage......or an outbuilding to someone down the street, etc, etc...
No, in most a room to family member would not apply to code issues...(at least I've yet to see such yet in many areas in the country...one is welcome to call and check with city building department...and could be phrased "I was thinking about renting room to brother, no place to stay, would that violate existing code."..)
I've been present for no less than a couple hundred appraisals over the years, (my own, friends, family, associates and partners) and have yet to see one that was more than a walk through and chat, aside from mentioned above (FHA appraisals), which are ridiculously thorough.....
It should also be noted every facet of industry has been contacted by law enforcement over the last several years regarding reporting of meth labs and ops and such..(brokers, agents, management companies, appraisers, inspectors)
If everything as above (ordered, smaller grow), I would do the above.
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Macster2
Member
Been there done that, LOL
Although wasn't funny at the time. Lights were off appraiser comes,I didn't think he'd care to get into one room in the basement (I was getting a refie) anyhow he wanted into that room and I told him it was stuffed with old junk as I headed back upstairs and heard him mumbling some under his breath as he followed me.
Got a call from mortgage broker later that day, appraiser had to come back as he suspected a GROW HOUSE. Well tore down everything and filled it full with as much junk as I could get.Took next day off work to complete the job and he came back and confirmed the house was all good.
Banks are now looking for pot growers as the asians destroy a house setting up a grow op.As fannie mae and mac as well as ins companies get screwed by these guys
Although wasn't funny at the time. Lights were off appraiser comes,I didn't think he'd care to get into one room in the basement (I was getting a refie) anyhow he wanted into that room and I told him it was stuffed with old junk as I headed back upstairs and heard him mumbling some under his breath as he followed me.
Got a call from mortgage broker later that day, appraiser had to come back as he suspected a GROW HOUSE. Well tore down everything and filled it full with as much junk as I could get.Took next day off work to complete the job and he came back and confirmed the house was all good.
Banks are now looking for pot growers as the asians destroy a house setting up a grow op.As fannie mae and mac as well as ins companies get screwed by these guys
scaramanga
Active member
A good "appraiser" will want access to every inch of the house; they wont do the appraisal otherwise. And it doesn't matter whether you hired them or not.
Also appraisers are a licensed profession, and I would suspect that while an extreme few would turn a blind eye to a plant or two, I wouldn't risk my liberty on someone elses cooleness. They wouldn't want any risk of impropriety.
And USPAP is just "a guide" in the real world.
Also appraisers are a licensed profession, and I would suspect that while an extreme few would turn a blind eye to a plant or two, I wouldn't risk my liberty on someone elses cooleness. They wouldn't want any risk of impropriety.
And USPAP is just "a guide" in the real world.
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KillerSmoke
New member
I don't know about you, but I would be way too paranoid. And guest2222999 that's pretty fucked up, I'm surprised they sent back an appraiser to check it out! I would agree with Julian, and sleepy's "better safe than sorry."
resinryder said:
I think you meant up TIGHT citizens that will call the law.....
Up Right citizens understand and will be relieved you're able to grow for yourself.
