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Question by Will in TN: A question about real estate appraisal cards??
we are in the process of purchasing the building/lot where our small business has been for 7 years, and I am currently looking at the real estate appraisal card for this property. In one area of the card it lists the ?appraised value recap?, which counting improvements and land equal ?x?. Further down the sheet, I have an ?adjusted land price? of x + ,000. It is a Commercial property. My question is, which number do I go off of when it comes time to buy out the current owner. Thanks.
Best answer:
Answer by kemperk
neither; make your own assessment and submit an offer based on that.
he wants as much as he can get, you want to pay the least; that is not a bad bad,
it can be a win win??
or you can offer him a % of your biz for no cash out of your pocket?but partial ownership of the
bldg.
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Source: http://realpropertymanagement.tk/a-question-about-real-estate-appraisal-cards/
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