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Buying & Selling Real Estate

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Steve L.
  • Investor
  • Rancho Cucamonga, CA
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Appraiser Using the Subject Property as a Comparable

Steve L.
  • Investor
  • Rancho Cucamonga, CA
Posted Oct 1 2014, 00:47

Do any appraisers know if you can use the subject as a comparable?  My father-in-law is refinancing a property he purchased in April.  The appraiser used his purchase and purchase price as the number one comp.  I have never seen this done before?  Do any appraisers know if you can do this? 

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