- Nov 12, 2007
- Professional Status
- Certified Residential Appraiser
I have a request to appraise a townhome in an age restricted community 55+. The community is relatively new, the builder is gone and there has been very little resale activity so far. There are several listings, but no settlements within the past six months. Is it acceptable to use sales outside of the subdivision given this community has an age restriction? I would think not, but there are no other age restricted communities closeby. What say you ???