Ghost Rider
Senior Member
- Joined
- Apr 27, 2003
- Professional Status
- Banking/Mortgage Industry
- State
- Connecticut
Did a new construction home in a PUD - they are in the second phase of the complex, and I think I'm stuck doing the first sale in the new phase - the first phase sold @ between $220 and $270K.......the Contract Sales Price for the one I am doing......$297K and change.....Same builder, same quality, even the same model homes - just located a little bit further up the street. I picked the three most recent sales, 2 of which were model matches for the subject, and had it come in @ $269K.....very strong appraisal, just did not meet sales price - not my problem......got a 52 page FAX from the realtor through the mortgage companty of an "appraisal" another appraiser did within the complex......(how she got a copy of it, I don't know or care) but all the comps are in an adjacent town......I can deal with going out of town for a comp, and maybe for 2 or 3 comps depending on the location, BUT, not when I have very good sales within a subdivision......oh, and did I mention that the town I'm in, the highest sale I have ever seen in town is like $500K, and the town that he pulled comps from has MUCH higher values, a lot of property in excess of 2 million dollars......
SO much for a nice relaxing office day on Friday.....
SO much for a nice relaxing office day on Friday.....