We are experts in completing certified residential and commercial land appraisals. The valuation of your property will be performed by one of our local certified appraisers who is familiar with your neighborhood. Our services are fast, affordable and accurate!
The actual cost depends on the size of the land, location, view and the availability of other land sales. The fee for commercial lots can vary greatly depending on many factors and we suggest calling us at 866-533-7173 requesting a online Free Quote.
Step 1: Call or fill out the Free Quote request to your right to get your fee & turn time.
Step 2: Call or Click to make a Secure Payment once you have your fee.
Step 3: Our local Appraiser will call you or the contact for entry to schedule the inspection.
Appraisals of land are typically done on a land specific form in which the appraiser compares the subject lot against other parcels that have been determined to be the most similar to the subject in terms of site size, zoning, location and view. These comparable sales are typically chosen from a list of all lots that have sold within the past six months.
If there are not any vacant land sales available within the subject’s immediate market area, then the appraiser must search outside of the subject’s immediate market area to locate other comparable sites or use the abstraction method to determine the value of the land. The abstraction method is calculating the estimated value of other homes in the subject’s immediate market area and then deducting the cost to build the house, less depreciation. Once this is done, you are left with the land value.
As a rule of thumb, the appraised value should be somewhere between the highest and lowest sale prices and the highest and lowest adjusted values of the comparable sales used in this report. Please feel free to call us at 866-533-7173 if you would like a further explanation on real estate appraising.
Home Appraisals, Inc. - Copyright 2019
How is the value of land affected when manufacturing and office buildings are constructed with revenues of 15 million and rents of 100000 dollars per month? If the purchase price was 5000 dollars an acre, what percentage of increase could be expected toward creation of equity that could be used toward refinancing?