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Updated over 5 years ago,
4plex buyer - Issue in appraisal
First post:
So in the appraisal of this 4plex I am buying, we paused the appraisal because it will not appraise to the value of my accepted offer. The appraiser said he has to run the numbers as a duplex due to permits on the home even though it is zoned as a 4plex.
It’s a great property and great deal. I’d like to continue to pursue the property even if I have to deal with permitting and issues involved with that later down the road.
Any thoughts or advice is much appreciated.
Thanks!