Duplex cannot get appraised

[Yaping Zhang]

Hi All,

Got a duplex under contract, but appraiser cannot find enough comps to get appraisal for the property. Anyone met this before? Any suggestion about how I should proceed?

Thanks!

[Jill F.]

I got a deal on a triplex that consisted of a duplex and a carriage house apartment where previous buyers were unable to get residential financing because of inadequate comps. We used commercial financing and they had no problem valuing the property; they used a hybrid of SFR/duplex comps and an income approach