Selling the Sales in an Up Market When the market is lukewarm or hot (remember those days?), your appraiser will have enough sales data to work with. Or at least, he/she should. You'll see three, four, five, or more sales in the report. Even though the appraiser considers them "comparable" sales, in most cases, they really.
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How to Tell a Bad Marina Appraisal – Part 3 of 7
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Posted by John Simpson
Selling the Sales in a Down Market OK, I'll admit marina sales are almost impossible to get. It's been a completely barren market for arm's-length transactions in such states as Maryland and New Jersey. So in this Great Recession, it's easy to say there haven't been any sales and move on to the income approach. Does.
Read moreSolving the “What’s the Cap Rate” Dilemma – Part 1 of 3
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Posted by John Simpson
Many deals for marina acquisition just don't happen. I'm not just referring to deals in the current recession... I'm addressing all market cycles. "Meetings of the mind" don't happen as much with marinas as they do with other common property types because there are greater perceptions of value differences between sellers and buyers. ![]()
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