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Updated over 14 years ago,

User Stats

14
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0
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Marc Lyman
  • General Contractor
  • Steamboat , CO
0
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14
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Appraisal turned down due to no recient comps

Marc Lyman
  • General Contractor
  • Steamboat , CO
Posted

I was supposed to close on a triplex tomorrow but just found out that the secondary review of the appraisal by the bank was turned down. They didn’t like the appraisal because there were no mulit-family comps in the area this year, only last year. Not sure how to get them more comps if none exist. Anyone ever run into this before and have a creative way to convince the bank the appraisal is accurate?

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