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how to appraise

Posted on: 19th Jan, 2012 04:38 am
Our medical office is located at a not so good area. Since there is no recent sales, the appraiser used past sales for comparison. We didn't choose good locality because of the high rent, price and traffic. Because of this the seller expects us to pay the downtown price. I found it strange that appraiser can use past sales from a hot area as a comp for a "cold" area. Any advice?
Hi alvinajohn!

Welcome to forums!

As there has been no sales in the recent times, the appraiser had to consider the past sales while appraising your property. If you don't feel that the appraisal has been proper, then you can contact another appraiser and try to appraise the property.

Feel free to ask if you've further queries.

Sussane
Posted on: 19th Jan, 2012 09:37 pm
i wanna ask you how can i make my rating better? i frequently change appraiser
Posted on: 20th Jan, 2012 03:15 am
Hi alvina,

Your query has been replied to in the given page:
http://www.mortgagefit.com/appraisal/about53828.html#282639 . Please take a look at it. I hope it will help you.
Posted on: 22nd Jan, 2012 08:50 pm
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