Zillow Advice: Home Buying - Appraisal logic if there are no comps http://www.zillow.com/advice-thread/Appraisal-logic-if-there-are-no-comps/465798/ Zillow Advice | Zillow Real Estate The sales comparison approach ... http://www.zillow.com/advice-thread/Appraisal-logic-if-there-are-no-comps/465798/ The sales comparison approach is the most common approach of residential real estate appraisal used. It is predicated upon having comparables to compare against the subject property.<br/><br/>The cost approach is the other commonly used method, but the costs to build the unit are not known in this case.<br/><br/>Tough scenario. Bypass the bank and see if you can find a qualified appraiser yourself. Make a few phone calls, consult (don't pay for a full appraisal)&nbsp;with a few appraisers&nbsp;and see If you can find an appraiser (or two) who would&nbsp;be&nbsp;willing to reallistically evaluate the property given the current scenario. Then&nbsp;bring that back to the bank and see if the situation changes.&nbsp; Fri, 26 Oct 2012 21:13:00 GMT http://www.zillow.com/advice-thread/Appraisal-logic-if-there-are-no-comps/465798/ 2012-10-26T21:13:00Z