Acreage Value

[Ken B]

Your "illustration" tells me that #51 is a pretty good portrayal of your general appearance.

Edit to add: So, do you change your reports after they are delivered to the client as often as you change your posts on this forum? With all the backtracking you do, some part of me hopes that you are actually learning something here.

 

[Michigan CG]

You really don't expect anyone to believe this BS do you?

True comparables must mirror the subject in all HBU aspects. In a residential valuation that's as far as you go. Say someone is looking for 25 acres for their horse farm. But all they can find is 40 acre parcels. Suppose that's a regular occurance and the market recognizes it. Do you think they're buying 25 acres with the extra 15 thrown in or are they paying for the full 40 acres? My experience is they're buying the 25 acres with the 15 thrown in for free as most buyers consider it excess land, and this is borne out in a lot of markets around here. Say someone wants 10 acres as that's all they need, but the area they need it in is zoned 1 unit per 40 acres. Will the 40 acres come down in value to compete with 10 acre sites that were grandfathered in, in the same area, so they can be sold? So talk it up, market data is the only way to verify what you claim.

Did you guys help rex with his problem in post #51 yet? I'm sure he can't breath, help the poor man somebody!!!

Yup, educate the industry with this market research. I am sure the Appraisal Institute members would find this to be a very interesting "market study".

FWIW, if this phenomena truly exists, please write an article about it and submit it to the AI journal. There are a great many appraisers that would be interested in this phenomena.

Karl, we have been educated. It is time to grab those old files and rework our values and submit new appraisals.

Can't wait to tell some of the rancher's out here that they have several acres of NO VALUE worthless land. (That extra 20 Acres that produce 10 crops of hay per year, you might as well give it to me).

 

[The Warrior Monk]

apprazur,

Since this is so common, simply send my the data...I'll do my own analysis and draw my own conclusions.

 

[fifteen]

When are you guys going to get it through your thick heads you have nothing to teach me? I have more residential experience than most of you CG's and most people on the forum. I have more than you Ken. You CG's act as if you sit in Olympus and your word is law LOL.
MAI's suck at residential appraising, at least all the ones I've reviewed. Is it true that if you can't hack it as a residential appraiser you become a MAI? Something along the lines of "those that can't do, teach"
I can't learn from someone like that, if they can't do get out of my way.

Your "illustration" tells me that #51 is a pretty good portrayal of your general appearance.

Edit to add: So, do you change your reports after they are delivered to the client as often as you change your posts on this forum? With all the backtracking you do, some part of me hopes that you are actually learning something here.

 

[fifteen]

LOL!!! You expect me to do your work for you??!!! The arrogance here is absolutely incredible. It's obvious you don't have my experience in large acreage and I don't have to prove a thing to you or anybody here. I offer some guidance and you can take it or leave it. Simple

Ken, I'm answering multiple posts so there is editing.

Tim, of the course the excess land is worth something to the rancher, but it might not be worth anything in the market. Let the market tell you, not me.

I have some work to do so you CG's play nice with the CR's and LR's. If you're nice and deal only with the aspects of residential appraising they might learn something. FWIW

apprazur,

Since this is so common, simply send my the data...I'll do my own analysis and draw my own conclusions.

 

[Karl]

Hey Ray Miller, Just noticed that excess land of yours is worthless!!! How about you given it to the Appraisers on here so we'll have a place to hide out, when the government takes everyones (documented by "Certified" Appraisers) EXCESS worthless land & distributes it to those that need some land.


Apprazur: Seems those that claim to know everything find that they actually know nothing. Of all the CE & books & experience in Appraising I have learned more on this forum than all other avenues of the education in the Appraisal field. I'd be very careful who I offended with the massive knowledge & the various degrees of specialties in Appraising & other fields, that can be found here. I also notice your endeavor to improve the proffesion , by a newspaper ad, has appeared to have ceased,

 

[Ken B]

When are you guys going to get it through your thick heads you have nothing to teach me? I have more residential experience than most of you CG's and most people on the forum. I have more than you Ken. You CG's act as if you sit in Olympus and your word is law LOL.
MAI's suck at residential appraising, at least all the ones I've reviewed. Is it true that if you can't hack it as a residential appraiser you become a MAI? Something along the lines of "those that can't do, teach"
I can't learn from someone like that, if they can't do get out of my way.

You are a danger to the profession and the public.

I can only hope someone with enforcement authority is paying attention to your drivel.

 

[Michigan CG]

SEVENTEEN people telling you that you are wrong....ZERO supporting your insane "theories". Sometimes people should look in the mirror and realize they are not as smart as they think they are.

When are you guys going to get it through your thick heads you have nothing to teach me? I have more residential experience than most of you CG's and most people on the forum. I have more than you Ken. You CG's act as if you sit in Olympus and your word is law LOL.
MAI's suck at residential appraising, at least all the ones I've reviewed. Is it true that if you can't hack it as a residential appraiser you become a MAI? Something along the lines of "those that can't do, teach"
I can't learn from someone like that, if they can't do get out of my way.

 

[The Warrior Monk]

When are you guys going to get it through your thick heads you have nothing to teach me?

I'm not interested in teaching you anything. I'm addressing your advice, which is incorrect.

I have more residential experience than most of you CG's and most people on the forum. I have more than you Ken.

Experience actually means nothing. It is what one has done while obtaining that experience that matters.

You CG's act as if you sit in Olympus and your word is law LOL.

You've doing nothing to dispell "the law."

MAI's suck at residential appraising, at least all the ones I've reviewed. Is it true that if you can't hack it as a residential appraiser you become a MAI? Something along the lines of "those that can't do, teach"
I can't learn from someone like that, if they can't do get out of my way.

What do MAIs have to do with this thread?

LOL!!! You expect me to do your work for you??!!! The arrogance here is absolutely incredible.

No I don't expect you to do my research for me. Just send me the raw data...that's not research...I'll do the rest. You obviously don't have it, so you can't send it to me.

It's obvious you don't have my experience in large acreage and I don't have to prove a thing to you or anybody here. I offer some guidance and you can take it or leave it. Simple

I currently have two assignments sitting on my desk that exceed the acreage mentioned in this thread...nothing new there. I wish I could say more on the matter, but can't due to confidentiality issues. You might want to stick with facts and not erroneous opinions and judgments.

 

[Stone]

What is scary, Tim, is that someone reading this thread might just look at what is being said and say, "hey, this guy in Washington seems to have some good credentials. What he is saying makes sense and certainly is easier than what I thought I had to do to analyze rural properties. I'll take his advice and just ignore the rest of the tract."

The appraizul world is a scary place.