Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
NO COMPS!
My husband and I were suppose to close on our 2bd/1bath multi-unit next week and the underwriter has rejected the comps found by the appraiser. The problem is....there are no comps in the neighborhood, within a mile or that have been sold in the last 12 months. I don't think the seller used any comps to price the house and the only one property that would be considered a comp is $30k less. Which is great for us but there is only one. Has anyone experienced this??? Any suggestions would be appreciated.
Most Popular Reply
@Peter Mckernan I'm not so upset about the lender. I want to be able to know that if we needed to we could sell the house, but I would like to find acceptable comps. I think I can find experienced brokers/investors in the area. Thanks!