How would you approach this assignment? HO owns all of lots 6 & 7 and South ½ of lots 5 and 8. Approx 26,136 sq. ft. HO wants to sell all of lot 6 and South ½ of Lot 5, which is vacant. An appraisal is needed on remaining lot 7 and South ½ of lot 8 containing house. Also need addendum per the investor guidelines, for value as a whole and value of lot 6 and South ½ of lot 5 that is to be released. There have been no land/lot sales within this rural town of lots for the past 9 years. At best in side the town limits there has been a sale of a home every couple of years. I am starting with assuming I will need a survey of the lots so that I know how much land is being sold. I will also need to check and make sure that the sell off will be legal and the resulting home and lots or part of lots will be legal. Then I should extract the value of homes sold in the town from the land to establish the value of the lots. I also assume that this would be consider a complex assignment, correct? This would not be your standard appraisal fee for a single family appraisal, correct? I visited a bit with the home owner. The home owner came up with this idea, because the neighbor across the street. Sold his house and split off an acre of ground to build a new home on, with the proceeds from the sale of the house. The neighbor has this home owner convince that because he is building his new 150K home. That is will increase the value of the lots and the HO will be able to sell them. The problem is the subject property is on a dead end road at the edge of the rural town, and it is only. The only homes on the road at this time is the one that sold, the new one being built and this home owner who wants to refi, do a split, cash out the equity and sell the extra lots.