Dublin ohio
Elite Member
- Joined
- Mar 20, 2008
- Professional Status
- Licensed Appraiser
- State
- Ohio
From an architect it is the average around the dwelling unit. In this case my lowest grade is the lower level and we ramp up to the upper level. In the end it may not matter to your point that the value of the lower level is the same as the upper. Its just strange to look at my house and think its a ranch with a walkout basement.
When dealing with fannie and freddie. Their guidlines state that that if area is partially below grade. It is a basement. Now you can deviate from that guidline when comparing apples to apples.
You must be in northern UA, Probably north of Zollinger. Using older sales as additional support is not generally a problem. But vast majority of lenders will require 3 sales within the past 12 months. Using older sales in UA generally require substantial market conditions (date of sale) adjustment. Due to the rate of appreciation in UA over the past 3 years.I get that similar homes around us may not have sold recently but if you have to compare my home to a split level (80% of the homes around me) do you give any value to the design. Can you use comps that sold 2 to 3 years ago that are more similar?