- Feb 8, 2007
- Professional Status
- Certified Residential Appraiser
I am working on a subject that is new, and the owner/builder/developer is going to be finishing the basement for the buyer after the sale. The purchase price is $500K, but $20 will be held in escrow to go towards the basement finishing (the total will be more than $20K). So, would you report the sales price as $480K and mention the additional $20K in the contract analysis?