Basement homes are extremely undervalued. Thanks, appraisers.

Dec 09, 2020, 10:25 AM
Did you know that most appraisers in Greenville give basement homes a fraction of the value of what they deserve? It's true, and it causes issues for sellers trying to sell basement homes, while potentially delivering great value to buyers trying to buy them. However, the increasingly prevalent low appraisals that come in for homes with finished basements are frustrating to those of us operating within the marketplace everyday who know their true value in the open market. Why do appraisers undervalue these homes, and what is the true value of a nice, finished basement? I discuss all of that in this week's episode, which I am dubbing a rareĀ RANT.

As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.