grading: Property Condition Grading Has Changed on all Appraisals. Know your C’s!!!!!
- 12/21/11 09:56 AM
Recently the condition assessment on appraisals has changed. Before the condition options were Excellent, good, poor, etc. That has now changed, they are now rated with letter “C” and a number 1 thru 6. It is important to know these ratings or grades and how it can affect your client. Here is the short explanation of each grade:
· C-1 This is a brand new constructed home that has not been lived in · C-2 This home has no physical depreciation, deferred maintenance or needed repairs. And all work has been done recently and is similar to that of a … (18 comments)
Recently the condition assessment on appraisals has changed. Before the condition options were Excellent, good, poor, etc. That has now changed, they are now rated with letter “C” and a number 1 thru 6. It is important to know these ratings or grades and how it can affect your client. Here is the short explanation of each grade:
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