“Some Features May Not have Relevance to Value”
There are many features in my home that were not accounted for...such as radiant heat ( even in the basement), antique random width oak flooring throughout the entire house, wood boiler system from outside with oil backup, custom kitchen and custom working pantry, and more. I understand there is a format to follow for pricing so it could be difficult.
Most of us think our property is worth more than it really is. The challenge for any appraiser is to whether or not there are comparable sales that justify the value that a homeowner has in mind.
This homeowner believes her property is worth $700,000, but an appraisal that was done over a year ago came in at $500,000 and they have a buyer for $550,000. It is a unique property that sits on 37 acres of land and quite frankly not replaceable at the $550,000 price.
Hopefully there have been some sales that will justify the value that they have in mind.
Image courtesy of stuartMiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.