So are you wondering why I'm a bit down on the prospects for this dockominium? You've already got some clues from the last section. The vacancy rate is like a big red flag at the entrance to the marina. There's plenty of room for improvement and selling rather than renting isn't it. Another key reason why.
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Dockominiums, Market Value, and Gross Sellout – Part 1
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Posted by John Simpson
Today's little drama involves a dockominium valuation job I had to refuse. Yeah, I know, the money is the same shade of green, so why turn it down? It was the right thing to do. Here's some background. The dockominium is in foreclosure and.Resort Marina Appraisal
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Posted by John Simpson
When I ask you to picture in your mind's eye a resort marina, what do you see? Palm trees, happy hour from 6 to 8 p.m., joggers, and bikinis? I should be so creative (oops... I think I am:) From an appraiser's perspective, even if that's the way it appears, that's not the way I see.
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