Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

A Tale of an Abysmal Appraisal
A Tale of an Abysmal Appraisal
I can just hear you all inwardly groaning on this topic. Most likely we all have an appraisal horror story. That no so-great phone call saying the home or building did not appraise for the sales price. You can feel you stomach drop when you hear this right?
 
The phone calls commence to the Sellers, the Buyers, the other agent, etc. Re-negotiations begin and far too often, the deal is dead. Not to mention, Sellers are forced to either accept a lower price or go back to the drawing board with the home put back onto the market.
 
This appraisal tale has a happy ending. I listed a very unique, historic property. Right on the town square in a city that has been consistently on the uptick for years. Great economy, one of the top Texas towns for tourism, and a demand for businesses wanting to be on the historic square. I spent a great deal of time researching rental rates and sales of other buildings on the square prior to listing this particular building.
 
Any of you who work in commercial properties especially unique commercial properties understands the challenge when finding comparables. Knowing the history of current businesses, ... more

__________________________________________________
Are you on The Rain? Grow Your Network!