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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

Prices have held steady and even increased in some areas due to limited inventory. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

Prices have held steady and even increased in some areas due to limited inventory. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process.