Hear ye, hear ye... read all about it! John Simpson just published "Marinas Falling in Value" in the Trends section of Boat & Motor Dealer magazine (the December 2008 edition). I won't steal the thunder except to say that I cover marina market value changes, cap rate changes, supply/demand, the effect of the credit crunch,.
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Secrets of Reviewing Marina Appraisals – Part 8 of 8
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Posted by John Simpson
Finally we come to the most important part of the marina appraisal - the income approach. Get it wrong here and the appraisal is likely a lost cause. Show Me The Money! 
The first thing I like to do when I'm reviewing the income approach.
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The first thing I like to do when I'm reviewing the income approach.Secrets of Reviewing Marina Appraisals – Part 7 of 8
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Posted by John Simpson
I'm not a big fan of the sales comparison approach for marina appraisals. Don't get me wrong - extracting a cap rate from sales is the best way to get true market derived cap rates. But when it comes to reviewing sales comparisons, it is not an easy job because you don't have the same.
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