Q&A
DCWP Assistant Commissioner addresses market value determination for Intro 888
1:28:14
·
61 sec
Carlos Ortiz, Assistant Commissioner of External Affairs at DCWP, responds to Council Member Salaam's question about determining market value for unsolicited property offers, expressing concerns about DCWP's role in making such determinations.
- Ortiz acknowledges the complexity of property appraisals and potential disagreements
- He suggests focusing on existing property value information from the Department of Finance
- DCWP proposes adding protections to disclosures for potential sellers rather than determining values themselves
Carlos Ortiz
1:28:14
Thank you, council member.
1:28:15
I can take the first question, because I think it relates, directly with the instruction 888, about providing potential sellers, of value of their home.
1:28:25
And I think, I think the from the perspective of DCBP, we do have concerns about being charged with making that type of value determination.
1:28:34
I think I was trying to search for the word before and appraisal is the right word that I remember.
1:28:37
And those themselves, I I my understanding can be complicated and not always, you know, a homeowner cannot always perhaps agree with the appraisal of a company too.
1:28:46
So for that reason, I think our proposal for instruction 888 is is rather to focus solely on the value of a home perhaps, because it seems that perhaps DUF does have some information about value of the homes, that we could add additional protections and into, a disclosure that has to go to a potential seller.
1:29:03
And I think that that holistic approach, finding a source of reliable source of value that admittedly DCBP does not have, but also additional protections that exist in the city would be a good approach for that bill.
