Utilities are off

Question: What steps should an appraiser take when the property he/she is appraising is vacant and the utilities are off?

Answer: The HOC Reference Guide, Page 1-19 says:

• "When utilities (water, gas, electric) are NOT on at the time of appraisal the appraiser is to condition for further inspection to determine if the utilities are in proper working order."

• "NOTE: The appraiser will also annotate in the appraisal that additional repair requirements may apply once all the utilities are on and fully functional."