More Appraisal Tips - Health, Safety, & Soundness

By
Real Estate Agent with RE/MAX 1st Class 0542725

 More Appraisal Tips - Health, Safety, & Soundness

Cosmetic repairs are not required; however, they will be considered in the overall condition rating and valuation of the property.  Examples of cosmetic repairs would include surface treatments, beautification or adornment not required for the preservation of the property.  For example, generally, worn floor finishes or carpeting, holes in window screens, or a small crack in a windowpane are examples of deferred maintenance that do not rise to the level of a required repair but must be reported by the appraiser.

The physical condition of existing building improvements is examined at the time of the appraisal to determine whether repairs, alterations or inspections are necessary—essential to eliminate conditions threatening the continued physical security of the property.

Required repairs will be limited to necessary requirements to:

  1. Protect the health and safety of the occupants (safety)

  2. Protect the security of the property (security)

  3. Correct physical deficiencies or conditions affecting the structural integrity (soundness)
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Brian Worrell - GRI, CNE
Bayou Properties Realty  |   The Worrell Team, Realtors
Cell  281-948-7042  |  Fax  832-514-7029  |  www.BrianWorrell.com

 

2015 Top 20 Rising Star of Real Estate Under 40 by HAR
    (Awarded for excellence in Sales, Leadership, and Community Service)
 
Consistent Multi-Million Dollar Top Producer
2011-2016 FIVE STAR Real Estate Professional as listed in Texas Monthly Magazine 
 

 


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Comments (2)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Brian,

Great information for all sellers.  A wise seller will take advantage of this sound advice.

Sep 25, 2011 12:25 AM
League City, TX - Worrell Team, REALTORS, GRI, CNE
RE/MAX 1st Class - League City, TX

Richard, Thanks again for the comments.  Cheers!

Sep 26, 2011 05:20 PM