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Plan of Action for Historic Home

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Farm Gal

Elite Member
Jan 14, 2002
Professional Status
Licensed Appraiser
I guess what disturbs me is that you have knowledge that the city is attempting to limit the use of the homes in the neighborhood. Even though the use is presently residential, what the changes in zoning or land use in the neighborhood could affect future values.
Isn't it nice, then, that he is appraising as of a certain date???
Sorry Judy, but while i am willing to give a heads up (even if it messes up the deal 8O ) I am not into forcasting on a standard appriasal :evil: : a statement that such and such MAY in the future affect value, but as of this date no adverse conditions are known 8) !!!

You have to ask yourself who would buy it and what is it's highest and best use. Once you have established your market, then perhaps it will be easier to choose your comparables.
As of the effective date of the appraisal :!:
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