Updated over 5 years ago on . Most recent reply
Comparisons on a Duplex
Having recently purchased a duplex, I noticed that my appraiser obviously used previously sold duplexes in the area. The problem is, these duplexes were sold at least a year and a half ago at 90k (the purchase amount). Currently, SFH with similar square footage in the area are selling for 130k-150k.
My question is, can I bring this up to a lender if I want to cash out refinance at some point? I know I will have a seasoning period, but I believe there is much more value in my home than the appraiser or the seller displayed.
Any advice will be much appreciated. Thanks!