Quote:
Originally Posted by twoplanekid
When the appraisal was prepared on our TV house, new build by a Florida firm to provide to our lending institution, the bond was not included in that appraisal. It is my understanding that the TV bond is not included in any TV house appraisal and thus does make TV unique in that respect. The asking price may or may not reflect a bond balance.
The developer lists the prices of all new houses on their web site without including the bond costs.
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If this this is the case they are violating all the principals of appraisal regulating bodies. The bond is part of total consideration for the house. Should also be included in determining the total consideration for comps. This premise is very strange. I suspect real estate professionals love it as it mis states the purchase price so that bond homes seem to be a better buy and therefore easier to sell. Someone !statistical evidence ---please.