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Updated 9 months ago on . Most recent reply

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Damein White
  • Rental Property Investor
  • Cleveland Ohio
52
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93
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Are appraisals limited within a city limits

Damein White
  • Rental Property Investor
  • Cleveland Ohio
Posted

So my property is at the edge of a city limits  3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits 


has anyone else experience this or have information on if that is correct 

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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
2,014
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Damein White
Different cities or municipalities could have better or worse schools as well as one of them could require a POS and the other could be the city of Cleveland which doesn't require that. All of these things would have to be taken into account when considering if a sold comp is a comparable property

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