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.
Buying & Selling Real Estate
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 3 years ago,

User Stats

356
Posts
311
Votes
Allen L.
  • Rental Property Investor
  • Chicago and mainly invests in KS remotely
311
Votes |
356
Posts

How do most appraisers deal with half duplex

Allen L.
  • Rental Property Investor
  • Chicago and mainly invests in KS remotely
Posted

I am under contract on a half duplex in a really nice part of town. However, there are no comps in that subdivision for any half duplex going back 1 year, and there was one that was sold 17 months ago for a ridiculously low price, and 2 others sold within 24 months but I can't see the prices. Obviously they don't even factor in the 20%+ appreciation that we've seen in the past year, or close to 30% in the past 24 months. I love the house and sees potential and I want to keep it as a rental, but I don't know how it will appraise. How do appraisers deal with this situation? Do they go back more years (2 years in this case), broaden the radius, or use SFH as proxies?

Loading replies...