If you’re creating your own competitive market analysis (CMA), you might wonder if you can use a home under construction as a comp. Thankfully, Fannie Mae designed the URAR to give appraisers the ability to consistently estimate a house’s value, no matter if it’s completely built or still unfinished.
That means, in theory you could compare a new construction home to your own. Keep in mind that it should still be similar in size, type and style.