Appraising Land | LandThink

Comparable or Not? The Shortcomings of the Comparable Sales Appraisal in Rural Real Estate

August 5, 2011 20 Comments

I realize that what I am about to say is not going to be welcomed by many in the appraisal…

What’s the difference between market value and net intrinsic worth?

July 14, 2009 3 Comments

LandThink posted my weekly “Country Real Estate” column last week that discussed a low-cost, low-tech approach to estimating a property’s…

Here’s a simple approach to determining market value: TAV analysis

July 2, 2009 6 Comments

Both seller and buyer need a way to get a general idea of the current worth of a particular property in its local market.

Appraising a property with no comps

June 8, 2008 10 Comments

My wife and I live in a county with 2,500 full-time residents. We have a lot of cattle, sheep and trees. The county seat is a town of about 200. Melissa is one of two lawyers in the county. This is one of our county’s major cools.

Real Estate: Let us now appraise appraisers and appraisals

February 7, 2008 1 Comment

Appraisers are being punched up in the courts and the press for not always providing honest real-estate valuations. What’s going on? What exactly do appraisers do? An appraiser forms an opinion of a property’s current Fair Market Value (FMV) by judging its attributes in relation to recent selling prices of nearby comparable properties.