Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

92
Posts
4
Votes
Joe Boggin
  • Philadelphia, PA
4
Votes |
92
Posts

how will appraisers look at comps in my area?

Joe Boggin
  • Philadelphia, PA
Posted

highly populated, dense inner city neighborhood might have 40 homes on one street or 100 homes on one square block or 800 homes in a square half of mile! on the block next to me a 3/1 sold for 11k and a 3/1 sold for 58k on the same block....a couple doors down! im sure the condition and liens or judgements might of reflected the 11k price but....

i bought a home and i plan to borrow against it in a 6-12 months. will comps like this greatly effect my appraisal? how will they navigate the value?? there are homes all over this area that sell for 10k and some that sell for close to 60k.

Loading replies...