Quote:
Originally Posted by VictorBurek
yes, the value of your home will be based on the value of the home and the land together.
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This is true, but it does not necessarily that the market value is equal to the sum of the two parts. The market value should reflect what the market will pay for the land and house as a single unit, which could be more or less than the sum of the two parts.
"RBFCU", whoever that is, should not have a different method of appraisal, since most lenders (or the Appraisal Management Co. they use) hire an outside licensed or certified appraisal to do an appraisal that meets standardardized appraisal criteria.