Lake Martin Topics: Confusion on My Part

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	Name:	boataholic -
	Subject:	Confusion on My Part
	Date:	2/5/2007 8:51:59 AM

Appraisals are certainly a good idea if you don't have a good feel for the local market, but does anybody share my low opinion of the quality of appraisals on this lake? The few that I've seen are done on comparables, city style, with emphasis on house size, condition, relative age, and lot acreage. Do any appraisers adjust for the things that count, namely water frontage, depth of water, and view? I mean, the house is often as little as 1/3 the value of the property. The appraisal for the house I bought compared similar size houses on narrow sloughs to the one I bought with a view of the big water. It worked to my advantage, but made no sense to me.