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"A"typical house

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Chris White

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Sophomore Member
Joined
Nov 16, 2004
Professional Status
Certified Residential Appraiser
State
South Carolina
I have a modified "A" Frame house in the middle of nowhere on 4 acres. This is not typical in my market, in fact, other than lake properties, I know of only a handful in the entire region. I spoke to FHA staff appraisers and they said to use whatever is close and similar in GLA. So I did. I have been stipped for similar design comps. Should I use some contempary style homes or tell them there are not any at all, what u see is what u get?
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Use a lake property with a 'A' frame, and explain/adjust.
 

Chris White

Thread Starter
Sophomore Member
Joined
Nov 16, 2004
Professional Status
Certified Residential Appraiser
State
South Carolina
Ya I thought about that, but the only one I found was 30+ miles away, 700 SqFt larger and lake front. It sold for $200,000 more than the subject. (sale price is $100K)
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
I suspect your area is like mine, so yes contemporaries or other "atypical" designs. You also might need to go back a few years to find other A frames or atypicals and use them to help illustrate the market reaction to an atypical design versus run of the mill designs.
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Try a manufactured home or a log house.
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Extending time and distance you will eventually find something for most houses. I did see one on TV the other day where it may not be true, a converted missile silo, but I'm sure it's true for your 'A' frame.
 

Doug Wegener

Senior Member
Joined
Apr 14, 2005
Professional Status
Certified Residential Appraiser
State
Oregon
Greg is right. Use anything in the weirdo sub-market:

LOG,A-Frame, Dome, or any stuff like that.
 
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