Mark Correnti
Freshman Member
- Joined
- May 18, 2002
- Professional Status
- Certified Residential Appraiser
- State
- New Hampshire
Did a nice cape on 16 acres. The lot size in NH is typical so that's no problem. Back of lot had 2,000 Christmas trees growing of which the owner sells 300 a year retail at $25 and 100 a year wholesale at $17.50. Zoning allows for the activity. Private sale. Buyer likes the house and could care less about the trees. I don't feel that I can just value the house and ignore the income stream as a certified residential appraiser. So I sent it back and say get a CG appraiser to make the call.
Here's the thing that stumped me. The chief underwriter called back and left a message on the machine and asked if the trees are sold only one month a year, how does that make the property's highest and best use non-residential. He may have a point there.
Question: As a certified residential appraiser can I value the residence with a brief explainantion of the tree sales and call the HBU residential? Or can only a certified general appraiser make that call?
-Merry Christmas in New Hampshire
Here's the thing that stumped me. The chief underwriter called back and left a message on the machine and asked if the trees are sold only one month a year, how does that make the property's highest and best use non-residential. He may have a point there.
Question: As a certified residential appraiser can I value the residence with a brief explainantion of the tree sales and call the HBU residential? Or can only a certified general appraiser make that call?
-Merry Christmas in New Hampshire