Detrimental Condition

A detrimental condition in real estate appraisals is often defined as, “any situation that could affect the market value of a property, such as a market condition, distress sale, stigma, airport noise, construction defect, geotechnical problem, environmental contamination and natural disaster.” [1]  

Appraisers investigate real properties to determine if one or more detrimental conditions exist.  A condition that has absolutely no effect on market value is not detrimental.

A detrimental condition can be something as small as a loss of building area, due to incorrect measurement, to something as serious as a shifting foundation.  We have had appraisal / litigation / expert witness experience related to detrimental conditions in real estate over the past 20 years.

Contact us with your questions or concerns regarding detrimental conditions or regarding your specific appraisal assignment in Nevada at 1-702-568-6699.  We can also be e-mailed at grigdon@cox.net. 

[1]  Value of Detrimental Conditions in Real Estate Student Handbook, Randall Bell, MAI, Appraisal Institute, 2000.

Commercial Real Estate Appraisals in the Las Vegas & Henderson, Nevada Area.