Tag Archive for: lot size

How Much Is a Huge Lot Worth? Appraisal Adjustments for Lot Size

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In response to this blog about the value of in-law units, I received numerous other appraisal-related inquiries including a few questions about lot-size. Agents are often frustrated because they think appraisers ignore or underestimate the value of larger lots. But, there is much more to the story. NEED COMPS IN SAME OR SIMILAR NEIGHBORHOOD TO […]Read More

Strict Appraisal Rules For Comparable Sales

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Realtors often provide us with comparable sales that we (when doing rebuttals) or appraisers cannot use b/c they do not comply with appraisal guidelines. Here are some basic Comparable Sale Guidelines that we re-post periodically. a. Size: Comps need to be within 20% of the size of the subject property. For example, we usually cannot […]Read More