- Jun 18, 2003
- Professional Status
- Certified Residential Appraiser
I've noticed some Real Estate agents marketing multiple lot SFR's with the total land area and then exclude the additional lot(s) from the contract or write a contract addendum including them in the sale. They think including additional lots will bollocks up the financing and that the appraiser will just hit the contract price even when those lots are not included. The lender is complicit in this "scheme" because when I don't hit the value I instantly get the addendum which is dated the same as the contract then sent to me.