Tag Archives: sales

Marina Sales – Part 3

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Two Steps Back, One Step Forward Up until now, we’ve been talking about Counties.  So if we searched four counties, that’s four hours of time, right?  Not so fast, Tiger.  Many cities and municipalities are incorporated areas.  That means they are separate in many ways from the county.  They might have their own websites and not.
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Marina Sales – Part 2

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As indicated in Part 1, I promised to give you a real example illustrating the time and effort that goes into excluding the sales comparison approach.  It’s almost your lucky day. Real World = Real Hard I won’t cite the marina and I’ll omit the state this assignment was in… except to say it wasn’t Maryland.
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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.
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