Lake Martin Topics: Recommended Appraiser?

Lake Martin Topics

(Lake Martin Specific)

111,163 messages

Updated 5/11/2024 6:02:40 PM

Off-Topic

Lakes Online Forum

83,623 messages

Updated 5/13/2024 10:35:33 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Lake Martin Fishing

(Lake Martin Specific)

4,169 messages

Updated 4/16/2024 3:16:57 AM

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Lake Martin SCUBA

(Lake Martin Specific)

169 messages

Updated 5/31/2023 1:39:35 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	Swimmer27 -
	Subject:	Recommended Appraiser?
	Date:	7/11/2008 2:28:09 PM

I would make sure that whoever I used included a statement regarding 'highest and best use'. What I mean is that an apraisal should always be based on this and if it as you stated, it very well could be worth more without the 'cabin'. On an high value lot the old cabin may be more of a liabillity than an asset because any 'reasonable' buyer would be expected to improve the lot and the older cabin has costs associated with removal. Of course this depends on where it is and what the neighborhood has done. If it is surrounded by old cabins it may not apply, but if the neighborhood has seen regentrification it could very well be the case. Highest and best use is the same principle that comes into play when property is rezoned commercial. Commercial property is typically more valuable so any appraisal after the rezoning would be done as commercial property as opposed to residential, it's "highest and best use".

Also I would want as high an appraisal as possible so as to lower any capital gains taxes that may come into play later in life because the value now becomes the basis for later capital gains taxes if you are recieving the property through an estate. You may already know these things. If so no harm, if not it may help you make informed decisions. Best advice I can give is be careful, there are some good and some horrible appraisers working in the area. I have dealt with both.

Other messages in this thread:

View Entire Thread

Recommended Appraiser? - F1Fan - 7/11/2008 7:42:09 AM

Recommended Appraiser? - Kizma Anuice - 7/11/2008 10:34:05 AM

Recommended Appraiser? - Harborcon - 7/11/2008 10:44:34 AM

Recommended Appraiser? - AC KT - 7/11/2008 11:58:20 AM

Recommended Appraiser? - SandyCreekman - 7/11/2008 1:03:53 PM

Recommended Appraiser? - F1Fan - 7/11/2008 1:25:50 PM

Recommended Appraiser? - Swimmer27 - 7/11/2008 2:28:09 PM

Here's one - roswellric - 7/11/2008 3:13:57 PM

Recommended Appraiser? - FanofLakeMartin - 7/12/2008 9:17:33 PM

Recommended Appraiser? - Spot Remover - 7/14/2008 11:16:39 AM

Recommended Appraiser? - LakeAppraiser - 7/16/2008 6:02:58 PM

Quick Links
Lake Martin News
Lake Martin Photos
Lake Martin Videos