Restrain
Elite Member
- Joined
- Jan 22, 2002
- Professional Status
- Certified General Appraiser
- State
- Florida
In the late 80's at the beginning of the housing crunch, I started seeing untoward builder schemes, such as a Cadillac in the garage at closing, or a Sale Price of 125% of actual sale price so you could get an 80% loan, and there would not actually be any money changing hands at closing.
Well, it appears that these times are back. Saw a sign on a Pulte homes development. Closeout Special - FREE POOL with home.
Now, I want to see what an appraiser does with this concession, or if its even reported. Just hope I get a field review
Well, it appears that these times are back. Saw a sign on a Pulte homes development. Closeout Special - FREE POOL with home.
Now, I want to see what an appraiser does with this concession, or if its even reported. Just hope I get a field review