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#306528 - 09/16/09 08:28 PM Re: total room count [Re: PalmBeach BPO]
smg Offline
Major Contributor

Registered: 02/16/06
Posts: 2735
Loc: United States
I have never counted them...with anybody. It has never come up and I have done six or seven of these BPO things...

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#306533 - 09/16/09 09:06 PM Re: total room count [Re: PalmBeach BPO]
bmoreiko Offline
Member

Registered: 10/21/08
Posts: 67
Loc: Sonoma County, California
My $500 default school advanced evaluation class says dont count the bathrooms.

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#306534 - 09/16/09 09:08 PM Re: total room count [Re: bmoreiko]
PalmBeach BPO Offline
Veteran Member

Registered: 07/16/09
Posts: 764
Loc: usa
nice, good to know that a qc person can steer you wrong.

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#306537 - 09/16/09 09:46 PM Re: total room count [Re: PalmBeach BPO]
PalmBeach BPO Offline
Veteran Member

Registered: 07/16/09
Posts: 764
Loc: usa
well I just called RRR, and they just told me total rooms Includes bathrooms. I'm sorry I asked. lol

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#306538 - 09/16/09 09:48 PM Re: total room count [Re: PalmBeach BPO]
Grampa Offline
Major Contributor

Registered: 06/30/09
Posts: 2271
Loc: Margaritaville
It was only with the free RES bpos that I had to add baths. On a regular REO market analysis I do not count them.

ASK AND YE SHALL RECEIVE.:-)
_________________________
"Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind."
Dr. Seuss

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#306539 - 09/16/09 09:53 PM Re: total room count [Re: Grampa]
CandyMan Offline
Major Contributor

Registered: 07/13/08
Posts: 2608
Loc: California
Grampa

I'll give you one to figure out.......

Subject: 1,000 GLA
Bedrooms: 3
Baths: 1
Room count: 11

Information was from county records.
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#306552 - 09/16/09 11:08 PM Re: total room count [Re: CandyMan]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 6073
Loc: Vermont's North-East Kingdom
Maybe a Walk-In Closet should be a room (IF it has a light bulb & a door) ?

I did a Drive-By on an Oldie (1894) last week for the 2nd time in 2 years.

GLAAG = 2938 SF; Rooms = 11; Bedrooms = 9; Baths = 2 1/2.

Last year I mentioned that it had an In-Law Apt of undetermined composition; but still an SFR.

This year they made me comp it as a 2 Family.

Assessors have not been it in for 15 years.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#306553 - 09/16/09 11:12 PM Re: total room count [Re: Vermont]
....J~ Offline
Veteran Member

Registered: 07/13/09
Posts: 800
Loc: USA
That's sucky Vermont. I would have had you do it as a SFR with Aux unit. But thats just me. I hate having to find duplex's for SFD's with in-law apts as they just don't seem true comparables to an income property.

Does your area come in lower or higher for Multi's?

J~
_________________________
"Competition brings out the best in products and the worst in people."

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#306555 - 09/16/09 11:22 PM Re: total room count [Re: ....J~]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 6073
Loc: Vermont's North-East Kingdom
Lower. People move to, and live in, Vermont to get away from other people . . . . not to occupy the same building with other Human Beans.

We have only had 12 Two Family's sold during the past 6 months within a 25 mile radius of the Subject. 5 were TOO YOUNG, REO or in a FloodZone, and 4 were TOO SMALL; but then, just like in "Goldilocks and the 3 Comps", three (3) were JUUUSSST RIGHT ! Not really; but they were 100 Years Old and 2800 to 3500 GLA W/2 Units on less than 1 Acre. AMAZING !

Of course, The Comps had the normal compliment of Living Rooms and Kitchens . . . . maybe even a Dining Room. I have no clue what the Subject had: 9 Bedrooms and 2 other rooms. Who knows ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#306558 - 09/16/09 11:33 PM Re: total room count [Re: PalmBeach BPO]
LizL Offline
Major Contributor

Registered: 08/27/05
Posts: 1764
Loc: Missouri
Not all QC folks are created equal?? The fact that field instructions and QC disagree seems proof of that!

I admit that I'm related to an appraiser, and I've always been told that bathrooms and utility rooms do not count in the room count. Decks and garages don't count either.

How does everyone feel about unheated rooms, such as those located in attics and half stories?
_________________________
Broker/Owner, REALTORŪ,GRI, ABR
REO listing/selling since 2004; BPOs only for current clients

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#306562 - 09/17/09 12:21 AM Re: total room count [Re: LizL]
smg Offline
Major Contributor

Registered: 02/16/06
Posts: 2735
Loc: United States
Originally Posted By: lizl
Not all QC folks are created equal?? The fact that field instructions and QC disagree seems proof of that!

I admit that I'm related to an appraiser, and I've always been told that bathrooms and utility rooms do not count in the room count. Decks and garages don't count either.

How does everyone feel about unheated rooms, such as those located in attics and half stories?


In my book, they dont count.

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#306565 - 09/17/09 12:33 AM Re: total room count [Re: LizL]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 845
Loc: Massachusetts
A few years ago I took the appraisal course. Not to become an appraiser, but rather as a means of increasing the quality of my BPOs. One item I recall was that, for the purposes of BPOs and appraisals, bathrooms are NEVER included in the total room count. By definition anything with 4 walls a ceiling and a floor is a room. Using that definition a shed, pantry, closet, DOG HOUSE, CHICKEN COOP could be said to be a room. Tell that to the wizard from India the next time it comes up.
Regarding unheated rooms, attic rooms. I'd count them but adjust one way for the fact that it's a 3 season, low headroom, etc. or don't count it and adjust in the opposite direction.
Now on to those cases where they insist the in-law apartment constitutes a 2 family. Make an adjustment to reflect removal an illegal unit, or the cost associated with having the property rezoned. Or adjust for a single family with an extra kitchen. The less experience a QC person has, the more experience the BPO provider needs.

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#306582 - 09/17/09 02:05 AM Re: total room count [Re: JackREO]
Concepts05 Offline
Veteran Member

Registered: 12/21/05
Posts: 1484
Loc: MA
I use what the tax records indicate as the "in law suite" can get tricky.

I myself have an "in law suite" (separate kitchen)in my house that my father lives in. The town made it very very clear at our variance meeting - it is a legal "in law suite" NOT a 2 family and NOT an "in law APARTMENT. We can never ever (we promised!) rent it out.

So, I assume that the tax records are hopefully correct and if it lists single family, I adjust, as JackREO suggests, for an extra kitchen.

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#310116 - 10/18/09 07:50 AM Re: total room count [Re: smg]
thereoguy Offline
Member

Registered: 08/12/09
Posts: 130
Loc: USA
Originally Posted By: smg
I have never counted them...with anybody. It has never come up and I have done six or seven of these BPO things...


I also have done 6 or 7 of these BPO things, and have always counted them...with everybody. And likewise, I have never had an issue.

As for all you guys/gals who keep asking "can you live in a bathroom." It seems to me that is kind of a dumb argument for this discussion. I can live in my bathroom just as easy as I can live in my living room. (I might actually prefer the bathroom given the availability of a toilet and shower...and drinking water is nice too.)

It may be the case that bathrooms should not be used, but it isn't because you can't "live" in them.

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#310120 - 10/18/09 09:58 AM Re: total room count [Re: thereoguy]
CanDo Offline
Major Contributor

Registered: 06/16/07
Posts: 2062
Loc: Northern California
Function is certainly a component of room count and no one would ever suggest that a bathroom was a room for living. Further, unless the appraisers in my area are just whack they don't include baths in total room counts either. Geez.

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