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buttler

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Reply with quote  #1 

 I have a proposed construction home out in the country [Rockdale county] that has an old cemetery on its lot. This cemetery is from the 1700's (can anyone say Poltergeist) and is currently over grown. The owner is going to build the home about 125' from the cemetery centered on the lot. He also claims that his intentions are to clear out the over growth and fence in the cemetery.  What do you think the effect on marketability will be as a result  of this. I would appreciate any input . Thanks 

 
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Meatloaf

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Reply with quote  #2 
impacts on marketability can only be described by a marketing professional.  You are a valuation professional.  

This is a slippery slope.  Start trying to answer these questions and what happens when they escalate to something like....

The cemetary contains people.  Lets describe the types of people one could possibly live next to.

Old people, young people, ugly people, fat people, dead people, sick people, homosexual people, sexual predators, black people, white people, KKK members, Black Panthers,overtly religious people, Jewish people, Asian people, crazy people, dead people and a crazy ass MOFO like me.

Now if you feel qualified to describe the impact on marketability of ALL of these people, then go ahead and describe the impact on which ever specific group you choose.

Its kinda like when they ask you to describe the effect on marketability of the church next door.  You say its no problem... then the church sells out to a bunch of satanic dog corpse worshipers and the house goes into foreclosure... It can't sell because of the proximity next door to the church.

You are best to refer questions about marketability to a marketing professional.



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pnalley

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Reply with quote  #3 
I have appraised several properties with small family cemeteries. I noticed no difference in market time. The buyers appeared to think it was nice feature. In two cases they planned to clean up the overgrowth and fence.
It would be of more concern to me if the cemetery was newer. As old as that one is it mostly only has bones. Nothing left to contaminate a well.

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MEP

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Reply with quote  #4 
Meat Loaf, that is a lot of fluff...appraise the property as it is today not what may happen in the future...I say that the answer depends on the size and quality of the home...Additionally, do a 10 year search on the lots in the development and see how the subject compares...that is your answer. Just say the lot sold for 20% less then the overall value will be impacted in a similar amount...Additionally, what kind of fence...Maybe the Sigman Family will participate in upgrading the family plots....Just do not try to utilize the same methodology as you would in a tract development. BTW, this is a more complex assignment, as for more money...You will not have too much competition with this assignment.
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M. E.

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Meatloaf

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Reply with quote  #5 
Im just saying... WE are valuation experts... Not marketability experts, leave that question to the agents.

If the house was painted purple and green and had a faint odor of MEP's drawers at the front door then the marketability would likely be impacted wouldn't it?  



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MEP

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Reply with quote  #6 
YES...I appraised a purple home a few years ago...I kept the Photo for yeas...may be in a file someplace....



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Meatloaf

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Reply with quote  #7 
So who has the biggest impact on marketability?  The purple house, or the poor dude next door who's house is not purple?

This is why we need to refer marketability issues to marketing pros and quit trying to act like we know what we are talking about.

Every aspect of a house is a marketability issue.  Every aspect from the type of grass in the yard, to the color of the kitchen sink.

So for the one specific issue that the UW questions, they ignore the other 999999 items that we noted as being unremarkable.

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BillDing

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Reply with quote  #8 
The walkers may affect marketability 
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Bobby

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Reply with quote  #9 
Quote:
Originally Posted by BillDing
The walkers may affect marketability 


"Walkers" you say?



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Meatloaf

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Reply with quote  #10 
Like a Texas ranger ?
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BillDing

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Reply with quote  #11 
[Walking-Dead-Zombies-AMC] 
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Meatloaf

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Reply with quote  #12 
Yeah... Those people are examples of what happens when you piss off Walker the Texas Ranger.

WTF does that have to do with a grave yard?

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