Appraisal Matters

Selling the Sales in an Up Market

When the market is lukewarm or hot (remember those days?), your appraiser will have enough sales data to work with.  Or at least, he/she should.  You’ll see three, four, five, or more sales in the report.  Even though the appraiser considers them “comparable” sales, in most cases, they really aren’t. . . . → Read More: How to Tell a Bad Marina Appraisal – Part 4 of 7

Selling the Sales in a Down Market

OK, I’ll admit marina sales are almost impossible to get.  It’s been a completely barren market for arm’s-length transactions in such states as Maryland and New Jersey.  So in this Great Recession, it’s easy to say there haven’t been any sales and move on to the income approach.  Does the . . . → Read More: How to Tell a Bad Marina Appraisal – Part 3 of 7

So we’ve learned that the price is not always right.  Why?

Fluffy is Nice… But Not When It’s My Appraisal

Back in the day, it was the conventional wisdom that the thicker the report, the better it was.  That lead to some rather humongous addendas.  As far as marinas are concerned, the market description is where the fluff . . . → Read More: How to Tell a Bad Marina Appraisal – Part 2 of 7