Forum Header

Georgia Appraiser Forum

Provided by:   John M. Bryant, Inc., A Georgia Appraisal School

School Calendar | Phone Book | Appraisal Topics | Appraisal Questions | Other Topics

Forum Rules
Online Courses
Appraiser Search
MLS Analyzer


Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
papaJsqueeze

Platinum Member
Registered:
Posts: 716
Reply with quote  #1 
Got a big house I am doing that is brand new.  It is 9121 sf on a slab.  Two story, stucco and frame with a pool.  It is nice, but not over the top.  I would say it is a high Q3, not a Q2 in a subdivision that ranges from Q3 to Q2 with most houses being in the 3-5000 sf range.  There may be a few similar in size to the subject in the county but not enough to prove a market for it.

This is in Mill Pond in Warner Robins if anyone is familiar with it.  I would like to have something in a medium size city preferably south of Atlanta/McDonnough.  Maybe something in Columbus, Millegeville, Dublin, Macon, Albany, Valdosta.  Anything to bracket GLA would be nice.  I am guessing that this is a 700-900K range house.  It may be worth a million, but no one around here pays a million for a house.  It is a modern/mediteranean style.

Any help is appreciated.

__________________
Like a Boss!
0
papaJsqueeze

Platinum Member
Registered:
Posts: 716
Reply with quote  #2 
Guess there is nothing out there.
__________________
Like a Boss!
0
ComparableForeclosure

Avatar / Picture

Platinum Member
Registered:
Posts: 1,386
Reply with quote  #3 
Sounds like an over-improvement, in regards to square footage. If there are no sales of similar homes in the past several years.......what are you going to do? Use the largest comparable sales and discuss that there is no square footage adjustment, due to an over-improvement? Maybe. It will not be pretty and most lenders will "make you PAY" with stips and complaints. Sometimes, it is best to decline an assignment, as a prudent business decision. Quote a much larger fee, after researching the property. Make sure the fee is so high that they would never accept it, just in case they do.

BTW, I typically decline 20-40% of appraisal orders, due to lack of comparable sales or lack of fee, or both.

__________________

Sign by Danasoft - Get Your Free Sign

0
RuralAppraiser

Avatar / Picture

Gold Member
Registered:
Posts: 86
Reply with quote  #4 
Jody, I sent you an email.
0
Tea

Avatar / Picture

Platinum Member
Registered:
Posts: 239
Reply with quote  #5 
Got a couple in Pike if that would be helpful...

I wouldn't say we have a medium size city though.
0
papaJsqueeze

Platinum Member
Registered:
Posts: 716
Reply with quote  #6 
Chris,  Please send what you have.  I just didn't want something in Atl where there are a bunch of rich folks.
__________________
Like a Boss!
0
MLeggett

Avatar / Picture

Platinum Member
Registered:
Posts: 482
Reply with quote  #7 
Just an idea, but look in Augusta.  Demographics are the same and even the SC side is similar.
Americus, GA for that matter too.
0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.

Appraisal Topics | Appraisal Questions | Other Topics