Asked by Glenn Thomas, Atlanta, GA • Tue Mar 18, 2008
In Land o Lakes Florida area I see a large appraisal spread between identical homes and see the same type of thing through out florida. I am in Georgia currently . How does an appraiser in Florida justify appraising a home for $200k more than the house next to it or down the street that is the exact same model. Appraisers in Georgia are not allowed to take into consideration inside upgrades. There is no place to even show that on an appraisal form. You could never see such a spread in homes in georgia. Yet, in Florida its common place. I am talking about a 3,000 sq. ft home that is appraised at $550k and the same exact floor plan appraised at $350k down the street
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