My main bank didn’t use good comps in my area or any on my street including the one a few houses down that sold in march, and ended up denying my HELOC due to value, and wouldn’t respond to my question on why they didn’t use houses that compare to my house closer than what they used. 

Since they can't do each property individually, they use comparables to make broad generalizations to determine percent changes.

Our market is great and compared to other large coastal towns traditionally good value.  

The best method is to look at comparable properties around you and base it around that. 

Compare that to if you only refinanced and had $40k and kept the first home.

I did do market research, but it was hard to compare as most of the apartments were much larger in living space, had a tiny backyard/patio, and did not have a personal driveway with a security gate.

I did do market research, but it was hard to compare as most of the apartments were much larger in living space, had a tiny backyard/patio, and did not have a personal driveway with a security gate.

@Ben Flaskrud I’m not saying it will work in every market, but spent 2 hours a couple months ago comparing these high prices accompanied with low interest rates, to lower priced homes with more traditional interest rates.

I know by looking at comparables you can determine how much could be made on a property but how do you work backwards?

We have been through 2 months of appraisals with 2 different appraisers both of which have refused to appraise our property because they claim that there is a lack of comparable properties in the area.