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Updated over 7 years ago,
$1250 for a triplex appraisal? Does this sound right?
So I'm buying a triplex in a town about an hour east of Phoenix. At first I was told the appraisal would be $650, then it was $750, then today I get a text from my lender saying its going to be $1250!? Reason is that its out of town, its a triplex, and the only comps in town are duplexes. Am I getting screwed here? Thanks in advance!!