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re: Valuing a Partially Developed Residential Property

Posted on 12/5/18 at 8:59 am to
Posted by CoachChappy
Member since May 2013
32594 posts
Posted on 12/5/18 at 8:59 am to
quote:

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.


I would imagine this is his intention as well. He has a couple of options:
1) Hire and appraiser and pay them their fee. It's between $300-$600
2) Do all of the leg work himself. Look at the comps in the area and see what property values for lots like his are going for. Not what they are listed for, what they are actually selling for.
Posted by Vaquero
Member since Dec 2012
134 posts
Posted on 12/5/18 at 12:10 pm to
Good deal, I'll forward the information along.

Last question: how would you discount the future cash flows of selling the lots to get a present value? Maybe I'm thinking about this the wrong way
This post was edited on 12/5/18 at 12:12 pm
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