Appraising an outlier properties

[App601]

Do you 1) have support that the pool will add 0 or 2) are you simply assuming 0 because none of the comps have pools? If 2, then you need to revisit basic appraisal theory.



Again, is this an assumption due to lack of similar sales or do you have support? I seriously doubt that the extra SF has no value. There is always a home in the neighborhood that has more SF than the others. Claiming or assuming that the extra SF has no value amounts to incompetence.

I probably missed a lot of the replies because of a wonderful feature on this forum called "ignore". But any SFR can be appraised as a STR. I'm sure its handy if someone wants an inflated value. If you're appraising the on-going business concern then you're appraising a business, not real estate. Fee simple value wants the value of the real estate. STR agreements do not encumber or affect the fee simple.

BTW, since you mentioned it, F brain-dead Biden and F Harris, Harris the election LOSER.

"If you're appraising the on-going business concern then you're appraising a business, not real estate" BINGO!!!!!

And before I forget Tuck Frump and all MAGA cult members. like you may understand.

 

[App601]

Don't worry about using single family residential detached on gross rent multiplier in sales comparison approach.

Your designation tells me you can do it.

Thanks You are the only serious person here You do not use direct capitalization in a BUSINESS valuation
The busine3ss is valuated by the income it produces regardless of where it is located and size and condition of the improvements
The RE is valued SEPARATELY with commercial comparable sales and YES, direct capitalization may be used in the income approach
In fact I prefer it to multipliers.

Thanks again for being serious

 

[Mark K]

And before I forget Tuck Frump and all MAGA cult members. like you may understand.

LOL!! Keep whining and btching...since you can't vote your opinion matters not at all!! LOLOL!

 

[Zoe]

"If you're appraising the on-going business concern then you're appraising a business, not real estate" BINGO!!!!!

And before I forget Tuck Frump and all MAGA cult members. like you may understand.

Sir or Madam, we are not appraising business in this assignment.

We are appraising real property rights.

Do gross rent multiplier is my suggestion.

Make sure you use market rent estimate vs. contract rent on market value opinion of value.

 

[Zoe]

We are doing fee simple and market value definition. Are you with me?

 

[App601]

LOL!! Keep whining and btching...since you can't vote your opinion matters not at all!! LOLOL!

Sir or Madam, we are not appraising business in this assignment.

We are appraising real property rights.

Do gross rent multiplier is my suggestion.

Make sure you use market rent estimate vs. contract rent on market value opinion of value.

Its H&B use is the actual and you can not separate the RE from the business

 

[Zoe]

Its H&B use is the actual and you can not separate the RE from the business

Gross rent multiplier is still easy way market value opinion and fee simple rights. .

 

[Zoe]

Let me expand. Most likely buyer of subject real property will live in one unit and rent the other unit out.

They could rent both units out on fee simple property rights and market value opinion if value definition is defined as if Fannie defines it.,

 

[App601]

Gross rent multiplier is still easy way market value opinion and fee simple rights. .

O)ne more time The H&B use is commercial

 

[Zoe]

O)ne more time The H&B use is commercial

I don't agree there. It is single family residential and certified residential could do it. We are not appraising the business.

I understand 2 units. So duplex. Same opinion on my end.