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Updated about 4 years ago on .

Samantha Miller's profile image
Samantha Miller's profile image
Samantha Miller
  • Real Estate Agent
  • from Phila, PA
  • Member since Aug 24, 2017
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User Stats

126
Posts
100
Votes
Samantha Miller's profile image
Samantha Miller's profile image
Samantha Miller
  • Real Estate Agent
  • from Phila, PA
  • Member since Aug 24, 2017
Connect
Samantha Miller
  • Real Estate Agent
  • Phila, PA
100
Votes |
126
Posts
Land & New Construction

Appraising New Construction vs Rehabbed Comps

Samantha Miller
  • Real Estate Agent
  • Phila, PA
Posted

How does an appraiser analyze a new construction property if it is the ONLY new construction within the comparable area/radius? Is there a rule of thumb or formula by which they can compare to the most similar rehabbed property? Or will they extend the radius further to find the nearest new construction comparable?

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