Acreage Value

[fifteen]

This is too funny!! You guys seriously think you're teaching me something I don't know already? Give it up, the OP author has way too many posts to weed through for solution to his problem. I'd like to hear the results and what solution he used. Agreed?

 

[fifteen]

You guys are really getting redundant. Perspective from the buyers eyes might be is that he's getting a free 15 acres since he's only paying for 25. There's more than just your way of looking at things. And, we're supposed to be looking at what the typical buyer would pay for 25 or 40 acres, not what the seller thinks.

Here is the crux of the problem apprazur...

IMO, you need to do some additional reading and studying before proceeding any further.

Highest and Best Use
Market Analysis
Definition of Surplus as opposed to Excess

BTW... Sellers just don't "throw in" 15 free acres. They might discount the entire 40 acres though.

 

[redfish]

123456


I just had to post something here so I can the notifications when there is a new post. This is too much.

 

[fifteen]

I agree redfish, these GC's sure can be fanatical, can't they.

 

[Calvin the Airedale]

Argument for arguments sake is worthless rhetoric.

Ken, you're being too kind in attributing either skill or genuine belief to our mutual friend's posts.

It is one thing to argue on the basis of experience, but that can only carry the discussion so far. As appraisers, we observe, analyze and report. We report the behaviors we observe in the market in the context of principles of valuation. These POVs are well understood across a broad range of economic theory. It is the application of such POVs which advance our arguments, not our experience, designations, education, or even are ability at rhetoric.

In the arguments made by our friend, in this and other threads, where is the reference to such POVs. What basis in appraisal liturature or valuation theory does he cite for his arguments? None. Surely with his long history of education and achievment he must have accumulated some body of reference to which he might refer.

Further, contempt for those with whom one would contend is not a basis for either mutual respect or philosophical discourse.

I am amazed at how many threads devolve to this state from this fellow. I am quite sure that those reading these posts, who may be inclined to agree with him on occasion, must too have second thoughts regarding the temperment and tone of such communications.

 

[The Warrior Monk]

And, we're supposed to be looking at what the typical buyer would pay for 25 or 40 acres, not what the seller thinks.

You might want to reread the defintion of market value...your statement conflicts with that definition.

If you're looking at the valuation problem strictly from the buyer's perspective, you're likely dealing with a value type such as use or investment value.

 

[Richard Carlsen]

Sorry to pull your head out of your posterior Ap, but Residential appraisers are required to consider H&BU.

To consider H&BU yes but not to appraise to the H&BU unless it is the "as is" condition of the subject. In an "as is" appraisal assignment, any other valuation for any other use for the land (which might be a Higher and Better Use) would constitute a value that must be based on a Hypothetical Condition. If an HC is permitted in the assignment, then go ahead and have fun with your speculation on valuing to the H&BU. But if the assignment is for an "as is" value, you cannot appraise to any other use than the current use least you venture into the Hypothetical Condition swamps.

 

[JT1974]

Maybe apprazur is on to something here. Perhaps the housing bust could be turned around if we told everyone that if they bought the first two bedrooms for the full list price, the seller would throw in a 3rd bedroom FREE. Maybe we could even say they could get a FREE attached garage with the purchase of the house. Hey, everyone likes FREE don't they?

 

[redfish]

I agree redfish, these GC's sure can be fanatical, can't they.

You are nuts.


I would really like to buy some land. When was the last time you heard any american say "all I really need is this" so I don't want that. It's just the opposite I only need this BUT I WANT THIS.

God isn't making any more of it.

I think the OP ran into an appraiser that has an adjustment tree in the back yard and pulled the $1,500 an acre out of it. I agree with the majority and not the minority (you).

 

[fifteen]

You might want to Dave and notice that my comment is not contradictory. Read and comprehend - they're not 2 different things, unless you feel comprehension isn't necessary.

You might want to reread the defintion of market value...your statement conflicts with that definition.

If you're looking at the valuation problem strictly from the buyer's perspective, you're likely dealing with a value type such as use or investment value.