- Jan 14, 2002
- Professional Status
- Licensed Appraiser
Someone once posted
Fannie guideline stating if you can't extract something from the market, they will accept 25% of the items estimated cost.
Anybody know where?
I cannot find this refence and am flat out of time on a report... I have a 2 year old fully awesomly finished outbuilding way larger than the house, which has extraordinary amenity to the 'right buyer' and significant amenity to near any guy with stars in his eyes when he thinks 'workshop' or 'work from home'.
No sales anywhere in 5 county area from which to extract, the outbuilding is about twice the size of any similar structures found on less than the 8 million dollar property 8O !
Any suggestions? I am particularly interested because the 25% figure is probably realistic based on my wild gyrations using extraction with the smaller structures! I'd RATHER not hang my hat on those figures talk about SWAG :roll: sure be better to cite 25% of cost