Started By
Message

re: How to make sure home appraises? PMI question.

Posted on 5/11/16 at 3:28 pm to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13958 posts
Posted on 5/11/16 at 3:28 pm to
quote:

IF the houses sold in your neighborhood are comps

Do you know how they go about determining comps? I really don't understand why they would use anything other than my neighborhood where all the houses are essentially the same.. This seems like it will be more of a pain in the arse than it's worth...
Posted by Helmethead
Baton Rouge
Member since Oct 2007
1178 posts
Posted on 5/11/16 at 4:40 pm to
quote:

Do you know how they go about determining comps


typically proximity,and size, date of sale are all combined to find a happy medium. But it really is more complicated than a simple answer like that. If in a gated community, typically USPAP standards require 1 comp to be outside of that community, to guarantee that a specific pocket in an area doesn't exist.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram