Hampton Topics: What Confusion!
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Name:   roswellric The author of this post is registered as a member - Email Member
Subject:   What Confusion!
Date:   8/4/2004 8:51:32 PM

Man, did this post ever set off some stuff!
Look, I have no idea what TH wanted exactly but let me cure up a few things if I can:

1. An appraisal is , by definition, an opinion of value.
2, Appraisals can come from many sources including real estate agents, bankers, tax departments, your barber and of course licensed appraisers that are licensed by the state to charge for their opinion.
3. Appraisals are not the final authority on value - buyers are.

Now if I were a potential seller looking for a price for my property I would do a few things first:

1, I would ask around and find a reputable real estate agent - maybe 3- to see what their opinion is.
2. I would ask for recent comparable sales as evidence of their conclusion..
3. If I was not convinced I would get a professional appraisal ( from a licensed appraiser).

Then I should be able to come up with a fairly close estimate of the value. If I was unsure I might price it a little higher (not too high) to not leave money on the table.

Lakefront property at LM is very difficult to figure since the supply is very limited and if there is a sudden surge in demand then prices can get wild. Remember there is only a very few developers on the lake. I would figure this scenario in before pricing my property.

Now if I was arguing for and estate value for taxes or advalorem taxes I would make any case I could for lower values.

You know what MAI stands for? Made As Instructed!

RR
Other messages in this thread:View Entire Thread
Lake Property Appraiser - TH - 8/4/2004 9:33:24 AM
     Lake Property Appraiser - FLee - 8/4/2004 10:01:02 AM
          Lake Property Appraiser - TH - 8/4/2004 10:54:30 AM
               Jim says.... - TIVO - 8/4/2004 11:24:38 AM
                    Jim says.... - Council Roc Doc - 8/4/2004 12:06:51 PM
                         Jim says.... - LifeTime Laker - 8/4/2004 12:12:14 PM
                              Jim says.... - Council Roc Doc - 8/5/2004 12:50:01 AM
                         Jim says.... - FLee - 8/4/2004 12:22:49 PM
                         Jim says.... - Council Roc Doc - 8/5/2004 12:43:40 AM
                              Your welcome Doc. - LifeTime Laker - 8/5/2004 7:50:58 AM
                    Jim says.... - JIM - 8/4/2004 4:54:48 PM
               Lake Property Appraiser - FLee - 8/4/2004 12:10:17 PM
     Lake Property Appraiser - lakeview - 8/4/2004 10:52:19 AM
     Lake Property Appraiser - shirt - 8/4/2004 11:00:17 AM
     Lake Property Appraiser - Firefighter - 8/4/2004 1:46:01 PM
          great link....try mine - TIVO - 8/4/2004 2:14:54 PM
     Lake Property Appraiser - lakebum - 8/4/2004 2:07:38 PM
          No offense intended, but...... - Island Camper - 8/4/2004 2:26:55 PM
               I type like yall spell - lakebum - 8/5/2004 6:22:46 AM
     Lake Property Appraiser - laidback - 8/4/2004 5:13:48 PM
          Lake Property Appraiser - TH - 8/4/2004 5:24:31 PM
               Lake Property Appraiser - FLee - 8/4/2004 5:31:21 PM
               Lake Property Appraiser - Feb - 8/4/2004 5:47:26 PM
                    Lake Property Appraiser - JIM - 8/4/2004 7:39:07 PM
               Lake Property Appraiser - vroommer - 9/23/2004 3:39:07 PM
     What Confusion! - roswellric - 8/4/2004 8:51:32 PM
          You are right.. - lakebum - 8/5/2004 9:52:19 AM
     Lake Property Appraiser - TH - 8/5/2004 2:59:08 PM
          Lake Property Appraiser - FLee - 8/5/2004 4:06:14 PM
          Well... - roswellric - 8/5/2004 8:34:32 PM


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