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Reader Question: My husband and I own a small business on a commercially zoned street in a city with about 100,000 people. We are thinking of selling the business and property. Could you recommend an appraiser here? The building is…
Continue readingReader Question: Is it proper in valuing residential real estate to adjust the comparable sales value by the “cost” of amenities not present in the comparison properties (i.e. an outbuilding-indoor riding arena)? Fran D. Monty’s Answer: Hello Fran, thanks for…
Continue readingReader Question: My parents have rental properties and are thinking of selling them off to fund retirement. How would you go about evaluating investment property? We know what the house appraised for, but do you somehow figure in the income the…
Continue readingReader Question: I have 39.75 acres off I-40. What is it worth? Mike Monty’s Answer: Hello Mike. I cannot answer the question without walking the land. I-40 is a 2,559 miles long highway. It goes through 8 states; from large…
Continue readingReader Question: I will be selling a home I received after my Mothers passing. Build in 1952 and having no “upgrades” there are several things needed to bring it into the 21st century. (Kitchen & bathroom upgrades) I am planing…
Continue readingReader Question: We are thinking of selling our home. We ordered a home appraisal which we just received in the mail. We do not agree with the opinion of value they came up with but we do not know how…
Continue reading“A Pig in a Poke” We’ve all heard this phrase. It means to buy something that is worth less than you thought it was. Determining a home’s value is one of the biggest struggles for buyers of real estate. For…
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