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Relocation sale as valid comp?

Appraisal came back short and we challenged the appraisal pointing out a comp that was more comparable in all aspects than any of the comps used in the report (basically the same house) and sold above our current contract price.

Appraiser states that it cannot be used due to being a relocation/corporation sale. The house of concern underwent the normal process and went on the open market, had multiple offers, and was under contract only a few days later for far over asking. (Property history and records never show a relocation company owning the place, but I reckon they are tied up in it somehow)

So onto my questions.

Why would a relocation comp not be valid to use?

Do the circumstances of the sale not give it grounds to be an arm's length transaction?

submitted by /u/BoisterousBlowfish
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/oawmwp/relocation_sale_as_valid_comp/
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