The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight
Concept Appraisals
JULY 11, 2023
The guidelines from FHA specifically state “The Appraiser must include as many comparable properties as are necessary to support the Appraisers analysis and conclusion. Just like other factors such as living area, site size, and condition, variations in the sale dates may require adjustments to comparables sold in the most distant past.
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