Question: If a lender's appraiser is using a comparable sales approach for a residential property for which the mortgage will be sold to Fannie Mae, what

If a lender's appraiser is using a comparable sales approach for a residential property for which the mortgage will be sold to Fannie Mae, what elements would likely cause the appraiser to discard certain properties as not comparable. (Select all that apply).
Group of answer choices
A lot size for the comparable property that is 25% larger than the lot size of the subject property
The comparable property has a detached garage while the subject property does not have this feature
A Q2 quality rating for the comparable property that is 2.5 miles away from the subject property with a Q5 rating
Gross adjustments in excess of 25% of the comparable property's sale price
An added half-bath in the comparable property

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!