Value Definition For Set Price Site In Co-housing Development

[CANative]

I probably should not post anything right now.

 

[Deleted member 134708]

And you would be wrong. Federally related transaction are specifically defined and DO NOT include Fannie Mae, Freddie Mac FHA or VA transactions

That's fine. I never said anything about FNMA or any institution. I just mentioned the US Dixie.

You guys get all bent out of shape over thinking outside the box. Like buying a house with Bitcoin through a federal regulated bank and seller wants the Bitcoins instead of us $

 

[CANative]

I didn't notice anyone getting bent out of shape. Which is weird for Howard (lol).

FRT

The term is defined in Title XI of FIRREA as “any real estate-related financial transaction which — a federal financial institutions regulatory agency or the Resolution Trust Corporation engages in, contracts for, or regulates; and. requires the services of an appraiser.”

 

[Howard Klahr]

You guys get all bent out of shape over thinking outside the box.

"you guys" don't get upset about outofbox thinking at all. The problem is that there are those that don't understand the definition of the box. The definitions exist for a reason and as one that holds an appraisal license and FRT's directly affect who may or may not perform various assignments, one would think that would be a definition that license holders would be aware.

 

[Howard Klahr]

Sites are being sold for a 'set price' by the originator/developer. There is no price negotiation. Take it or leave it is the methodology.

This seems to have more to do with the terms offered by the specific developer as opposed to the property type being co-housing.

 

[J Grant]

Would help if posters state they are putting forth a question about a theoretical assignment vs one they are actually working on.