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Updated over 5 years ago,
Appraisals with wholetails
We have a couple wholetails coming out right now (first round) and we got a question from the appraiser as to how is he supposed to justify that we bought the house a month ago (barely any work was completed) and we are reselling for ~45k more on mls. He wants to be able to justify this to the lender up front. I know value is value and it shouldn’t matter, but my guess is this has happened to a few of you. What response have you given that worked for you?