«The point is that the more expensive the work you do on a property, the higher the risk is that the buyer is not going to be willing to pay for it,» Jonathan J. Miller, the president of Miller Samuel, a New
York appraisal company told the New York Times recently.
Not exact matches
Some 2,892 sales were completed in the New
York City borough during the first quarter, according to a report from the Douglas Elliman brokerage firm and the Miller Samuel
appraisal company.
The HVCC is a set of guidelines to curb inaccurate
appraisals developed by New
York Attorney General Andrew Cuomo and the two secondary mortgage market
companies Fannie Mae and Freddie Mac, with support from their regulator, the Federal Housing Finance Agency.
«Ideally, you'll be able to find at least three comparable properties that have sold recently in the same neighborhood,» says Sam Heskel, CEO of Nadlan Valuation, a New
York, NY,
appraisal company.