Two Steps Back, One Step Forward Up until now, we’ve been talking about Counties. So if we searched four counties, that’s four hours of time, right? Not so fast, Tiger. Many cities and municipalities are incorporated areas. That means they are separate in many ways from the county. They might have their own websites and not.
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Marina Sales – Part 2
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Posted by John Simpson
As indicated in Part 1, I promised to give you a real example illustrating the time and effort that goes into excluding the sales comparison approach. It’s almost your lucky day. Real World = Real Hard I won’t cite the marina and I’ll omit the state this assignment was in… except to say it wasn’t Maryland.
Read moreMarina Sales – Part 1
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Posted by John Simpson
No more abused approach to value do I see than the sales comparison for a marina. Most appraisers aren’t crazy enough to do a cost approach. It’s a rare day indeed if it produces a number corroborated by the sales comparison approach or income approach (note that there are situations where the sales comparison approach.
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