New Construction Appraisal Reviewed

[residentialguy]

If lenders buy into this simplistic idea, then why are we hired? Why wouldn't a lender agree, a new home is new, therefore buyers pay more, so who needs an appraiser? The SC price is value!

Because of fraudulent deals, straw buyers, super-adequacy, etc.

 

[residentialguy]

Some reasons, besides C1, that new homes sell for above market...sales concessions, preferred financing, cash backs at closing, decorator allowances worth 30k, etc.

Those are all adjustable conditions.

Then the stimulation of how the sales occur, after touring a builder model decorated by professionals, a sales center touting the great new amenities, etc.

Buzz.....sorry, wrong answer. Realtors should are expected to maximize a house for sale.

 

[J Grant]

As always, in these posts, a good exchange of ideas! I still think I am right, but you guys make some valid points!:new_llying: