Lost Cause
Senior Member
- Joined
- Sep 17, 2004
- Professional Status
- Certified General Appraiser
- State
- New York
The title is a tad misleading; I am really inquiring about San Francisco, but that's not alliterative.
Anyway, I have a question for those of you who have some experience valuing condominiums in the San Francisco area. I have been appraising condo and coop apartments here in New York City for a long, long time. In this market one never compares condos to coops; they are completely different property types and appeal to entirely different markets. Now I have a lender here at the bank telling me that in San Francisco these types commonly compete for the same potential purchasers and the market does not recognize a significant difference. What say you experienced SF appraisers; does this make sense to you? Thanks...
Anyway, I have a question for those of you who have some experience valuing condominiums in the San Francisco area. I have been appraising condo and coop apartments here in New York City for a long, long time. In this market one never compares condos to coops; they are completely different property types and appeal to entirely different markets. Now I have a lender here at the bank telling me that in San Francisco these types commonly compete for the same potential purchasers and the market does not recognize a significant difference. What say you experienced SF appraisers; does this make sense to you? Thanks...