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RE Appraiser Questions
Posted on 9/19/23 at 9:09 am
Posted on 9/19/23 at 9:09 am
I own a small apartment complex in Livingston Parish- 20 units, mosly duplexes.
I am considering putting it up for sale, but don't even know where to start on something like this. I'd like to get an appraisal just to see where I'm at for a potential selling price, and then make a decision whether to sell or hold.
I have used appraisers in the past, but not for something like this. This is a little more complex than a SFH drive-by appraisal. Does anyone have any recs on someone I can count on to do a thorough job?
I am considering putting it up for sale, but don't even know where to start on something like this. I'd like to get an appraisal just to see where I'm at for a potential selling price, and then make a decision whether to sell or hold.
I have used appraisers in the past, but not for something like this. This is a little more complex than a SFH drive-by appraisal. Does anyone have any recs on someone I can count on to do a thorough job?
5
Posted on 9/19/23 at 9:22 am to slinger1317
Tom Cook is a commercial real estate appraiser in Baton Rouge. I would use him.
Posted on 9/19/23 at 9:32 am to jfw3535
Just do a back of the napkin. It’s free
Net operating income divided by the market cap rate. If you need comps, shoot me an email. Lnobles@redstickag.com
Your calc won’t be as accurate as an appraiser but it won’t cost you $5k either.
Tom Cook is excellent as is David Lakvold if you truly want to go that route.
Net operating income divided by the market cap rate. If you need comps, shoot me an email. Lnobles@redstickag.com
Your calc won’t be as accurate as an appraiser but it won’t cost you $5k either.
Tom Cook is excellent as is David Lakvold if you truly want to go that route.
Posted on 9/19/23 at 10:15 am to slinger1317
Contact a local AMC (appraisal management company). They probably have several on their roster that can do it.
Posted on 9/19/23 at 1:22 pm to jfw3535
quote:
Tom Cook is a commercial real estate appraiser in Baton Rouge. I would use him.
I am an MAI appraiser with a national firm. I do work in LA but I'm not trying to solicit business on TD (and this isn't in my wheelhouse). I second Tom Cook (225-293-7006 tcook@cookmoore.com). If you're looking to get multiple bids, I'd also reach out to Rick Murphy (504-274-2682 rickm@murphyappraisal.com) who has some guys in Baton Rouge and Hammond. Otherwise, you can find appraisers here that can help: LINK / (find an appraiser at top)
This post was edited on 9/19/23 at 1:30 pm
Posted on 9/19/23 at 1:29 pm to slinger1317
I’d be interested. What’s your email?
Posted on 9/19/23 at 3:07 pm to slinger1317
Im interested in this. Im not kidding.
Do you have an email?
Do you have an email?
Posted on 9/19/23 at 4:03 pm to blueboxer1119
my email is my username at gmail
The property would be in the high six/low seven figures just to give you a ballpark.
The property would be in the high six/low seven figures just to give you a ballpark.
Posted on 9/19/23 at 6:29 pm to slinger1317
I would also call Jim Lieux. I used him for my commercial appraisals at our bank. Good values and is inexpensive.
Posted on 9/19/23 at 7:59 pm to soupboy10
All good appraisers mentioned. Can’t go wrong with any.
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