Manufactured Home - No Comps

[hastalavista]

This is certainly one example where a requirement to "personally inspect" the comparables from the street is impractical and should be waived.

Congrats and good luck!

 

[CANative]

Did you provide a really good set of comments regarding why it was appropriate to go that far (other than you couldn't find closer sales)?

 

[CANative]

This is certainly one example where a requirement to "personally inspect" the comparables from the street is impractical and should be waived.

Congrats and good luck!

Did Uncle Fester drive 150 miles for comp photos as REQUIRED?

 

[Meandering]

I got some sales here of manufactured on an acre or more of land.

Where you want me to send them to you?

 

[Elliott]

I dont take assignments that dont have comps. Makes life easier.

 

[Terrel L. Shields]

You make a good point, except that in many areas there are no comparable land sales. This is especially true of urban areas. How would you value a townhouse lot on .05 acres or less, when typically the developer bought the land in bulk? The same is true of most quarter acre lots for detached homes in subdivisions, which is a typical lot size in my state. Again, few if any sales. Besides, if I went by your method, I'd essentially be doing a separate land appraisal for every property I appraise. When I do a large, rural lot, I generally do check, unless I'm confident I know land values in the area, which are usually consistent with assessed values

Yes, I have 3 land sales gridded and 3 or more improved sales in a report. No step for a stepper. But there are other methods, including extraction, allocation, and capitalization techniques. If you don't have enough data to do those, then there is no data. No sales. And the property might as well be in Antarctica. Seems to be plenty for sale
http://www.landwatch.com/Maryland_land_for_sale