INSPECTION
-URBAN - QUESTIONS
1. What
are the advantages and disadvantages of preplanning the
inspection
of the subject property?
2. What
effect can a tenancy in the property have on value? How does the valuer
ascertain the status of a tenancy?
3. Why
is the legal description the ultimate identifier of a house to be
valued?
What problems can exist with other identifiers?
4. Which
authority would you approach to ascertain the proper zoning and
controls over development on the subject site?
5. Why
does the valuer require legitimate access to the property?
6. Should
the measurements be scaled on a plan? What are the advantages and
disadvantages of drawing a scale plan of the subject property?
7. Why
are measurements and area in the valuation report qualified with
"about"?
8. Should
the valuer climb into the roof and inspect the ceiling joists?
9. Why
is it important to properly store and/or archive field notes?
10. Why do the courts take a great
deal of interest in your field notes
if there is a dispute on value? Because of this, what precautions
should you take in keeping and changing the field notes?