I know the level of research that I do is probably a little over the top, but at least I can explain and defend my adjustments. The chart above shows the decline in lakeshore properties over the past 5 years, not a pretty sight. For nearly all of my appraisals I separate non-distressed sales from distressed sales; it offers a more apples to apples comparison. This chart also shows why I go through the trouble, there is a 34% difference between the two.
If you have any questions, or real estate appraisal needs (divorce, bankruptcy, tax appeal, or estate planning) please contact Michael at 612.599-2581, or use the form on the contact page.
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