1. Welcome to AppraisersForum.com, the premiere online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Comp non-market financing adjustment

Discussion in 'Commercial/Industrial Appraisals' started by JC888, Oct 21, 2011.

Thread Status:
Not open for further replies.
  1. JC888

    JC888 New Member

    Apr 20, 2011
    Professional Status:
    Appraiser Trainee
    Hello all,

    I have a comparable with favorable financing. The buyer continued the mortgage (lower than current market rate) from the seller - took over the original mortgage. The original loan amount was $2,000,000 and the outstanding balance at the time of the sale was 1,900,000. My question is that should I make the adjustment based on the original loan amount or the outstanding balance?

Thread Status:
Not open for further replies.

Share This Page