Marinaappraisal.com | John Simpson, MAI

Marina Appraisal Blog

27
August

How to Tell a Bad Marina Appraisal – Part 7 of 7

Comments are closed

Posted by John Simpson

Let's summarize what you need to look for in a marina appraisal to determine if you've been sold a "bill of goods".

The fee for this special purpose property is cheap, like $2,500, $3,000 or $3,500.
The number of pages in the market section is far greater than the total number of pages devoted to the part.

26
August

How to Tell a Bad Marina Appraisal – Part 6 of 7

Comments are closed

The income approach always needs to be included in a marina appraisal. It's how the market works and thinks. It's not an owner occupied property like a single family residence... it's an investment in a business, so the report isn't exactly civilized if it's excluded. The Expensive Omission I laugh when I seen a marina income approach.

25
August

How to Tell a Bad Marina Appraisal – Part 5 of 7

Comments are closed

Posted by John Simpson

It's time for the approach to value I love to hate: the Cost Approach. The Biggest Problem with Using the Cost Approach for a Marina When you find that there is no sales comparison approach but there is an income approach and a cost approach, that will tell you you've got a bad appraisal. That may seem.