> Appraising Luxury Homes – Determining Value When There Are No Comps

Posted Posted in Real Estate

Residential Appraisal Practice For luxury homes, the variables can be daunting.  The more complex the property features and amenities, the fewer the number of acceptable comps.  To complicate matters, most lenders require at least three sales (comps), not older than six months, be included in the report, but that’s sometimes easier said than done.  What about a luxury home that’s 20,000 square feet, or the subject property is a condo […]