As an appraiser I can tell you that the estimated market value in an appraisal is only as good as the market data that is readily available. ie. comps...the problems with appraisals, which there are many, is that you are always looking in the rear view mirror at historical data...just like anything in real estate, local knowledge is also better than not, meaning that an appraiser who lives and works in the market area is better than someone coming in from 15 miles away and has no idea of the marketplace...I have seen appraiser come into my area and be off by $100k in value (on the low side)...just like anything in this world, there are hacks and there are true professionals...appraisals are a roll of the dice I'm afraid...just my opinion !

For those who are familiar with cruise lines, the Norwegian cruise line just invested 400 million to dock 1 mile off the shore of the Placencia Strip.

Thanks everyone Distance wise I would say it's only 4 miles into wine country it's really not far at all which is a bonus

There are no washer/dryer in either unit, and the closest laundromat is 0.5 miles away.

The property has been completely updated and there is three comps in the area within one mile of the property.

For a guy that has a wash a mile away, it might be a nice little opportunity since they know that industry anyways and are in the area.

I was about two miles away.

My wife and I are about to start the inspection process on a SFR about a half mile from the quickly developing downtown Gilbert area outside of Phoenix.

I would just do a CMA last 6 months in a .5 mile radius and make sure it’s the same or close to the same type of property.

Karl McGarvey With a $100k purchase price, 20% down, 5% rate (740+ FICO) on 30-year fixed conventional, you will be right around $25K cash-to-close in several Midwest or Southeast markets on a B / C class property.