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re: How to make sure home appraises? PMI question.
Posted on 5/11/16 at 3:28 pm to Helmethead
Posted on 5/11/16 at 3:28 pm to Helmethead
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 on 5/11/16 at 4:40 pm to PhiTiger1764
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.
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