In the first part, I indicated that I had to turn this dockominium valuation assignment down. 'Curious why? There are many reasons. Let's start with the most obvious. It should be clear that I don't share any bit of optimism about this asset that the prospective purchaser does. That means that what I would provide would.
Read moreTag Archives: USPAP (appraisal regulations)
Marina Sales – Part 1
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Posted by John Simpson
No more abused approach to value do I see than the sales comparison for a marina. Most appraisers aren’t crazy enough to do a cost approach. It’s a rare day indeed if it produces a number corroborated by the sales comparison approach or income approach (note that there are situations where the sales comparison approach.
Read moreHow to Tell a Bad Marina Appraisal – Part 7 of 7
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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".
Read more- 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.