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Financing in 17402 : Real Estate Advice

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Activity 1
Sun Dec 18, 2011
Erica Ramus, MRE answered:
THis is a huge problem with appraisers right now: lack of good comps. If you have similar ones unsold in your neighborhood that won't help you at all. The appraiser is given a list of rules he must stick to -- distance to subject property, 6 or 12 months, for example. If he ventures out of these rules he must explain that to the lender, and the lender may or may not accept out of area comps. ... more
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