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Updated over 4 years ago on . Most recent reply

User Stats

53
Posts
18
Votes
Anthony Sgro
  • Rental Property Investor
  • Richmond, VA
18
Votes |
53
Posts

Comparisons on a Duplex

Anthony Sgro
  • Rental Property Investor
  • Richmond, VA
Posted

Having recently purchased a duplex, I noticed that my appraiser obviously used previously sold duplexes in the area. The problem is, these duplexes were sold at least a year and a half ago at 90k (the purchase amount). Currently, SFH with similar square footage in the area are selling for 130k-150k.

My question is, can I bring this up to a lender if I want to cash out refinance at some point? I know I will have a seasoning period, but I believe there is much more value in my home than the appraiser or the seller displayed.

Any advice will be much appreciated. Thanks!

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