Are appraisals limited within a city limits

[Damein White]

So my property is at the edge of a city limits  3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits 

has anyone else experience this or have information on if that is correct 

[Russell Brazil]

That's generally correct 

[Jack Krusinski]

Yes, in my experience appraisers have to pull COMPS that are in the same city as the subject property. Even if it is right on the border of another city. 

[Bob P.]

Quote from @Damein White:

So my property is at the edge of a city limits  3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits 

has anyone else experience this or have information on if that is correct 

Actually, yes. For one example, oftentimes people choose where they want to live by school district and a better school district makes those houses worth more.

[Bob Stevens]

Quote from @Damein White:

So my property is at the edge of a city limits  3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits 

has anyone else experience this or have information on if that is correct 

 Of course. You're in EAST CL on Coventry for example, well right down the block is SH, two very different worlds 

[Patrick Drury]

@Damein White
Different cities or municipalities could have better or worse schools as well as one of them could require a POS and the other could be the city of Cleveland which doesn't require that. All of these things would have to be taken into account when considering if a sold comp is a comparable property

[Joshua Janus]

Quote from @Damein White:

So my property is at the edge of a city limits  3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits 

has anyone else experience this or have information on if that is correct 

 Yes or they could potentially establish a value that would determine the difference in the cities but that's really difficult to compute. Make sure to stay within the city and focus on square footage, beds/baths first. 

[Regina Blake]

Hi, yes that is correct if you have any questions please reach out. Thanks!