Sales comps for appraisal

Investors typically ask for like comps to show there is a market for these types of properties. Here is an example: If a borrower is looking for a traditional built home on 5 acres, the real-estate agent is less likely going to show them a log home on 20+ acres. Reality is a custon built log home is more desirable to some but not the majority of the population. I would recommend asking your mortgage professional if the lender would be willing to consider dated comparables to show there is a market for your type of home. Good luck and if you need any advice please feel free to contact me.

You're trying to do the job of an appraiser, and that's a mistake. When you apply for your mortgage, the lender will order an appraisal, and he will find the allowable comparable properties to satisfy the lender and FHA. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I have emailed my investors and will get back to you in 24 hours. Can you tell me how the property is zoned? Is it a residential zoning or General Ag?Thanks,Jon Higginbotham(540)649-4001www.ValleyMortgageTeam.comNMLS# 368716

i have private money, what is the size of your loan??

What happened with this? I am in a similar situation. I am selling my log home but the buyers are having problems getting a mortgage because there are no comps in our rural area.