- Nov 19, 2002
- Professional Status
- Certified Residential Appraiser
- New Jersey
8O I started appraising 3 months ago and sometimes I think I'm doing ok and then wham! my mentor will call and I'll realize I omitted something on a report or I have made a typo. I can't say this happens all the time, twice actually, but wow does it shake me up. Any way, my question/comment is..it seems there are some homes that sell for prices without rhyme or reason. I find this more often with new construction developments where buyers are adding options and builders are randomly charging increases. What do I do when its the most recent development, the most expensive homesites in the area (within 3 miles) and nobody has turned over their home yet? This appraisal is for a refinance..but it could easily be a sale for a to-be built situation. Advice?