appraisser says they can not appraise the property are they right

Profile picture for yhnm123
the property has two homes on it. since nothing with two homes has sold near it they cant put a value to the property for a reverse mortgage.  any help would be nice
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March 24 2011 - Windsor
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Answers (1)

Profile picture for ScottsdaleAZHomes
That is ridiculous.  Find another appraiser.  All properties can be appraised.  If they cannot use the comparable sales, they can use price per sq ft., replacement cost, assessed value, etc.

The only issues that I can see that might cause a problem is if there were zoning violations or unpermitted buildings or something illegal.

If you were selling the property it would have to be appraised.  The tax man can assess a value.  Why can't the appraiser?
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March 24 2011
 

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Questionappraisser says they can not appraise the property are they right
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