- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
Working on a review assignment for new construction. The Cost breakdown (recieved from contractor) is approximately 55K below cost service estimate and abstracted market cost of existing comparable sales in the area. The appraiser 'cherry picked' comparbles to agree with the contractor's estimate but, in fact, there are more comparable sales signficantly higher than the contractor's cost estimate. I say the value should be higher than the contractor's estimate. What say you all?