LandThink

Buyers of country property always ask, “What’s the right money to pay?” They often seek an answer in three ways. One approach is to assume that the buyer’s right money is roughly 15 percent less than the seller’s asking price.

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.