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re: Valuing a Partially Developed Residential Property

Posted on 12/4/18 at 2:14 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37153 posts
Posted on 12/4/18 at 2:14 pm to
Is this for your own personal desires to figure out what it is worth, or is this to be used for financing or a sale to another party?
Posted by Vaquero
Member since Dec 2012
134 posts
Posted on 12/4/18 at 2:22 pm to
Unfortunately I do not own the property, but I am connected to someone in a similar situation. With that said, I wasn't told the reasoning behind their situation.

When you ask if this could be used for financing, do you mean as collateral for a loan for another investment of some sort? I don't believe that would be the case if so.

If I had to guess it's the former, and he's attempting to figure out the value of the property to determine whether or not selling to another property would be worthwhile.
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