Episode 098 - What is the Quality of Your Condition
Episode 098 - What is the Quality of Your Condition
Quality and condition are two elements in valuation that quite often get mixed, combined and confused. In this episode, Brian explains the difference between these two important elements and how to better describe them.
SHOW NOTES
- 02:30 – Quality and condition are important to consider.
- 02:57 – Condition is what most people think about when looking at a property.
- 03:55 – Quality has nothing to do with condition. It are the elements made from.
- 05:25 – Stop making the wrong argument.
- 06:20 – What has been updated and in what quality?
- 06:52 – UAD ratings on appraisal reports.
- 08:07 – Quality and Condition ratings and definitions.
- 10:09 – Pay attention to the difference between condition and quality.
SHOW LINKS
- Quality vs. Condition – https://www.appraisalbuzz.com/quality-vs-condition/
- UAD Ratings – http://www.bradfordsoftware.com/uad/UAD_Glossary.pdf
BETWEEN THE LINES LINKS
Web
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
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