Cohousing-L Mailing List: Re: appraisals

[Kathryn McCamant (kmccamant]

If it is the appraiser, or the banks underwriter that is giving extra
review to the appraisal, that is charging more that is probably justified.
Since 2009 residential appraisers are working under very strict guidelines
and relatively low fees. In most of the communities I am familiar with,
its hard to make sense of sales prices on the standard appraisal check
lists and costs per square foot pricing conventional homes are appraised
on. For example, the box they check for a "club house" is does not equate
to the 3000-4000+ square feet we have in our common houses--not unusual to
be more than 100 sf/unit . I would much rather pay a little more for a
better appraisal that justifies the price (and cohousing is more expensive
to create), than have to deal with the aftermath of a bad, low priced
appraisal. 

Katie 
Nevada City Cohousing
-- 
Kathryn McCamant, President, Architect
CoHousing Partners, LLC
241 Commercial Street
Nevada City, CA 95959
T.530.478.1970  C.916.798.4755
www.cohousingpartners.com





On 1/31/14 1:07 PM, "Ann Zabaldo" <zabaldo [at] earthlink.net> wrote:

>
>Hi Holly and all -
>
>Does this person have this in WRITING that that¹s why she is being
>charged the extra $250?  This would be very helpful.
>
>We¹ve been hearing these things about ³cohousing² for some time now
>including not being able to get refinancing for a loan that was
>originally financed through the same company.
>
>
>On Jan 31, 2014, at 3:25 PM, Holly Wilder <hollywilder23 [at] gmail.com> wrote:
>
>> 
>> I heard from a former Nylander who is buying at another community and
>>was just told she has to pay $250 extra because it's cohousing.  Anyone
>>know anything about this?  Seems very lame to me. - Holly
>> 
>> Holly Wilder
>> Visionary Properties LLC
>> www.visionaryproperties.vpweb.com
>> hollywilder23 [at] gmail.com
>> (303) 517-4180 cell
>> 
>> 
>> _________________________________________________________________
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>> 
>
>Best --
>
>Ann Zabaldo
>Takoma Village Cohousing
>Washington, DC
>Principal, Cohousing Collaborative, LLC
>Falls Church VA
>703-688-2646
>
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