Crossing the Line

[Terrel L. Shields]

Appraiser contacted me about appraising across a state line when not licensed there. The case is a small land parcel and house. A couple acres are across the line in MO, but the appraiser doesn't have a MO license. It's for a bank in house, so FHA nor GSE is an issue. 95+% of the value is in Arkansas. Could you do, would you do it - that part of the place as an evaluation? Included in the report, separate report, or pass?

 

[Charles West]

I would think it's probably fine but above my pay grade to render proper answer.

 

[andrew81]

pass

 

[Charles West]

How do you do your taxes if property owner, dual filings?

 

[shrubberyvaluation]

How do you do your taxes if property owner, dual filings?

When i see properties located between county lines they have 2 tax records. I have never done one across state lines.

 

[Tim The Enchanter]

I saw one that was in 2 cities long ago.
Saw a request for another one like that a while back and declined.
So, a state line would be a hard no. Even if I covered an area next to a state line. I don't.

Let them sell those MO acres or split them off.

 

[TerryRohrer]

I would propose to the client that the cost of a reciprocal license be added to the fee, as well as the time necessary to get the required paperwork. I wouldn't tempt the collections arm of the appraisal board!

 

[Dublin ohio]

95+% of the value is in Arkansas

From the looks of it. I would say 99.999% of the value is in Arkansas. I see no access to the MO part. How much would it be worth land locked with no access?

 

[Terrel L. Shields]

How much would it be worth land locked with no access?

That's basically the issue, its a single economic unit

 

[Tim The Enchanter]

Petition both states to move the state line so it is all in AR.
Hear that Mission Impossible theme song?