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Updated over 6 years ago,

User Stats

38
Posts
13
Votes
Sheena Lee
  • Rental Property Investor
  • Midland Park, NJ
13
Votes |
38
Posts

Appraising a multi-family

Sheena Lee
  • Rental Property Investor
  • Midland Park, NJ
Posted
Is it normal to have a high appraisal cost for multi-family properties? We are being quoted $1250. Here is the explanation: “A complexity fee has been added to this order, resulting in a total invoice amount of $1250, due to the following complexities: Older home converted to 3 unit rental in an area not known as a rental market, resulting in limited comps and additional time and research." Is this normal or unusual?

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