Comparable or Not? The Shortcomings of the Comparable Sales Appraisal in Rural Real Estate
I realize that what I am about to say is not going to be welcomed by many in the appraisal…
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I realize that what I am about to say is not going to be welcomed by many in the appraisal…
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LandThink posted my weekly “Country Real Estate” column last week that discussed a low-cost, low-tech approach to estimating a property’s…
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Both seller and buyer need a way to get a general idea of the current worth of a particular property in its local market.
Read moreMy 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.
Read moreAppraisers 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.
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