Hi Cliff, You may want to join the Appraiser's Forum and post the question there. Go to http://www.appraisalinstitute.org/resources/aiforum.asp
Select "General Forum" Cheers, Michael Cliff wrote: > Can anyone tell me what is a "useable" comp time wise, when > determining a commercial properties value? > > I have a commercial property here in FL, in a booming area that I am > considering selling, (it is vacant land on highway frontage, at a > signal controlled intersection as well). I wanted to get a good idea > of its current vlaue as well as the city's opinion of the lands > highest and best use. The appraiser was also to give a determination > of its value with power and water and other improvements. > > The appraiser used 4 year old sales to determine its value when there > are hundreds of recent sales to go by that show 3x+ the value. > I know in residential around here 6 months sales are the max used, > anything older is way out of line and lenders wont even take them. > > Of course this appraisal came out low compared to every recent nearby > sale. His claimed highest and best use also came back as "commercial > use". DUH. No statement about its value once my stated improvements > were made. > > I cant believe that this is typical? > > Anyone know a "good" commercial RE appraiser in west central FL? > Thanks > > Cliff > > > Apply for Commercial Real Estate loans online and submit your deal to > dozens of hungry lenders in just minutes. Loan programs for all types > of business and commercial real estate. Apply anytime at > http://realestatezoo.com > > RealEstate > Part of RealEstateZoo.Com > ------------------------------------- > Post message: [email protected] > Subscribe: [EMAIL PROTECTED] > Unsubscribe: [EMAIL PROTECTED] > List owner: [EMAIL PROTECTED] > Web Site: http://groups.yahoo.com/group/RealEstate > > > > > > ------------------------------------------------------------------------ > *Yahoo! Groups Links* > > * To visit your group on the web, go to: > http://groups.yahoo.com/group/RealEstate/ > > * To unsubscribe from this group, send an email to: > [EMAIL PROTECTED] > <mailto:[EMAIL PROTECTED]> > > * Your use of Yahoo! Groups is subject to the Yahoo! Terms of > Service <http://docs.yahoo.com/info/terms/>. > > -- Michael A. Roman, CRA,FRI,PLE,CRF INHOUSE APPRAISAL CORPORATION Phone: (416)282-4111 Real Estate Appraisal & Consultants Fax: (416)282-7353 Box 6107, Station A, Toronto, Ontario, Canada M5W 1P5 33 Ivan Road, Toronto, Ontario, Canada M1C 1V1 e-mail: [EMAIL PROTECTED] or click mailto:[EMAIL PROTECTED] Web Site: http://www.ihac.com or http://www.InhouseAppraisal.com Copyright (c) 2005 Michael A. Roman - ALL RIGHTS RESERVED ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ ------------------------ Yahoo! Groups Sponsor --------------------~--> Has someone you know been affected by illness or disease? Network for Good is THE place to support health awareness efforts! http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
