Appraisal & C of O
Hello everyone, we are looking @ a townhouse that is in the process of being converted to a 6 family from a 2 family ( unfortunately).
I was wondering if anyone knew what the routine is in buying a partially renovated or demolished house. Can the place be appraised if it is in mid construction with unfinished everything? Also with the current c of o being 6 family but the work incomplete can one try to purchase as if it was the original 4 family and avoid the headaches of a commercial mortgage? I realize we have a lot of questions but any help or comments would be deeply appreciated. Thanks, pdt.
