How Do Mortgage Companies Value A Property That Has Not Been Built Yet?
The task of determining the value on new construction projects does pose some challenges. There may not be comparables that ideally represent your home.
Appraisals on homes that haven’t been built or are under construction generally require the contractor and home buyer to supply more documentation in order to get a more accurate estimate of the property’s value.
For some, building a new home can be both exciting and overwhelming.... Continue Reading >