Even then, you will be required to rely on proper vetting of the buyer assuring their ability and willingness to increase their down payment.
It is still a rigged process. But, at least now it is completely predictable.
Your question, however, is regarding RFI's which use a much more generous calculation ...and there is no buyer or down payment involved.
Moral to the story: Don't rely on the appraiser to find the right comps and don't allow the appraiser to overlook the homes tangible assets. That is where the pros play an essential role.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
"If you are serious, it's worth a call."
I agree with Cindy's base comment; basically, Appraisers do not filter out Short Sales and REOâ€™s. In addition, out of the mix of 17 comps, the Appraiser will also be selecting the comps that best match the subject property in amenities, location, condition and time of sale.
Hopefully an Appraiser will also comment on this thread.