Annemieke Roell
Senior Member
- Joined
- Aug 28, 2003
- Professional Status
- Appraiser Trainee
- State
- Oklahoma
It's ok to have all the sales from the same neighborhood, if there is at least one outside of the developer/builders control. If all are within the developer/builders control, then you have an issue or maybe an inexperienced appraiser. Ideally re sales from within the same subdivision are preferable sales, as long as the builder is not involved in the transaction.
Fannie may be ok with that, but I wonder whether or not the builders are pricing their houses according to the others.