Short Answer
Luxury home appraisals require more work than standard appraisals because there are fewer comparable sales. Appraisers may need to expand their search radius or use more adjustments for unique features. They evaluate location, architectural quality, construction materials, finishes, lot size, and amenities. For properties over $1 million, multiple appraisals may be required by the lender. Full answer page coming soon.
Full answer page coming soon. This page will explain how luxury home appraisals differ from standard ones and what buyers and sellers should expect in the South Jersey market.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
Full answer page coming soon. Appraisals can be challenging for unique luxury homes. I can help you prepare and address any issues that arise.
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