farms
257) Rural Appraisals
03/03/08
Dear Henry,
I just upgraded to General Appraiser. Do you have any sites or books to see more sample appraisals. I specialize in rural properties & farms.
Also any advice on where to get information on current fee schedules.
Greg kgzanger@yahoo.com
Dear Greg,
I suggest you contact the Appraisal Institute Lum Library at:
http://www.appraisalinstitute.org/resources/lum.asp
They may also be able to help you with typical appraisal fees in your area. This is not information we keep.
H2
I just upgraded to General Appraiser. Do you have any sites or books to see more sample appraisals. I specialize in rural properties & farms.
Also any advice on where to get information on current fee schedules.
Greg kgzanger@yahoo.com
Dear Greg,
I suggest you contact the Appraisal Institute Lum Library at:
http://www.appraisalinstitute.org/resources/lum.asp
They may also be able to help you with typical appraisal fees in your area. This is not information we keep.
H2
111) Rural Appraisals & Ancillary Buildings
06/24/07
Dear Henry,
First, thank you for all your efforts to provide on-going information for those of us our here in the "trenches." You are a valuable resource.
My appraisal work, like most, covers a broad base in terms of area covered and types of residential properties. I tend to specialize in rural properties. I know that adjustments are to be market derived, however in very non-homogenous rural areas there are virtually no two properties that are alike as those found in homogenous subdivisions. I have taken to deriving some adjustments (barns,stables, other out buildings) from depreciated cost new. I explain this in my reports. Am I 'out on a limb' here? Thanks!
George "Buzz" Gunning buzg@cpros.com
Dear George,
It is certainly not easy to appraise rural properties. Putting a value on the contribution of ancillary buildings is particularly tricky. Using depreciated costs to establish the value of ancillary buildings has the potential of getting you to a very wrong value. Qualified rural appraisers should have data that indicates the value of various kinds of ancillary buildings in their market area. If you don't have this type of data, I suggest that you get help from someone who does or not do the assignment.
H2
P.S. Thanks for your kind comments about our work.
First, thank you for all your efforts to provide on-going information for those of us our here in the "trenches." You are a valuable resource.
My appraisal work, like most, covers a broad base in terms of area covered and types of residential properties. I tend to specialize in rural properties. I know that adjustments are to be market derived, however in very non-homogenous rural areas there are virtually no two properties that are alike as those found in homogenous subdivisions. I have taken to deriving some adjustments (barns,stables, other out buildings) from depreciated cost new. I explain this in my reports. Am I 'out on a limb' here? Thanks!
George "Buzz" Gunning buzg@cpros.com
Dear George,
It is certainly not easy to appraise rural properties. Putting a value on the contribution of ancillary buildings is particularly tricky. Using depreciated costs to establish the value of ancillary buildings has the potential of getting you to a very wrong value. Qualified rural appraisers should have data that indicates the value of various kinds of ancillary buildings in their market area. If you don't have this type of data, I suggest that you get help from someone who does or not do the assignment.
H2
P.S. Thanks for your kind comments about our work.