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Message
re: Property Appraisal Question
Posted on 11/15/23 at 11:46 am to meansonny
Posted on 11/15/23 at 11:46 am to meansonny
quote:
Good morning,
Just a reminder that we will have PSR tonight at our usual time. This will be the last one before Thanksgiving break!
You are welcome to join us next Thursday at 9:00 AM for our Thanksgiving Mass! Put your turkey in the oven and come join us!
If you have any questions, feel free to let me know!
In Christ,
Carlos
Used 3 comps. The packaged one was $10,000 lower than the other 2 comps. Also took off $4500 from another one for "upgrades" that was also did in ours.
1
Posted on 11/15/23 at 12:41 pm to biglosdaddy
quote:
Used 3 comps.
You definitely could provide supporting data (your own comps) to the appraiser.
A multi-tract sale is not the typical arms length transaction which should be used as one of three comparable sales.
The hard part for you...
Find a sale in the subdivision/neighborhood with same floor plan (ranch, split, 2 story, basement, etc..) with similar square footage (<10% variance) within the past 6 months.
If he didn't find 3, you may have a hard time finding 1.
If you can't find 1, then you may need to essentially do your own appraisal (3 comps. 1 nicer. 1 not as nice. 1 as close to a mirror of your home as possible) to bracket a value.
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