Subject will need to be appraised on the whole 17 Acres.Client may try to get you to appraise on 5 acres only , don't do it.FNMAThanks For The Reply. It's A Log Home In A Rural Setting With 17 Acres, That Is Not Uncommon For This Area. Thanks Again!
Right, but shouldn't one first determine if the land is excess or surplus? There is a difference, usually based on each case and the applicable zoning, current land use, etc, and which type it is determined to be determines the approach to handling it.The requirement to exclude excess land that is readily marketable is still in the 4150.2. The appraisal is to be developed using a hypothetical condition and a survey is required.