I heard a rumor today that appraisals are coming in lower than sale prices. This can be a real problem when trying to sell your building. It is imperative that the sale price you assign to your property reflects a price that banks will loan on the property.
There are a number of different ways to evaluate how much your property is worth. But the safest bet is to not marry yourself to just one methodology and to find an agent who can evaluate the property on a number of playing fields. With this in mind, I have recently enlisted the aid of an experienced appraiser to add value to valuations. For a very reasonable price, she will give you a "mini-appraisal."
Once you have her input, I will help you look at the market in which your building is located and together we can figure out how to price your property to sell, lease or hold.
Wednesday, April 15, 2009
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