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.
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How to Tell a Bad Marina Appraisal – Part 4 of 7
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Posted by John Simpson
Selling the Sales in an Up Market When the market is lukewarm or hot (remember those days?), your appraiser will have enough sales data to work with. Or at least, he/she should. You'll see three, four, five, or more sales in the report. Even though the appraiser considers them "comparable" sales, in most cases, they really.
Read moreHow to Tell a Bad Marina Appraisal – Part 3 of 7
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Posted by John Simpson
Selling the Sales in a Down Market OK, I'll admit marina sales are almost impossible to get. It's been a completely barren market for arm's-length transactions in such states as Maryland and New Jersey. So in this Great Recession, it's easy to say there haven't been any sales and move on to the income approach. Does.
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