Home value/Appraisal question on new construction homes

pricedoutJay

New member
I bought a new construction home in early phase of development about a year ago.  The lender used nearby comp to match the selling price.  Since then, about 10 phases were released and the same plan recently was sold about 11% more than what I paid while other existing homes similar to mine didn't go up that much from what I paid.
In this case,  what would be appraised value of my home? Thanks.
 
Not sure if the appraiser will use new home sales comps as those are not on MLS and usually not used on the tax assessor website yet.  They will take the resale comps within the area and because you've owned the home for more than the year the lender will give you the market value of the home instead of the purchase price of the home.
 
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