MARKET EXTRACTION

Question 1

What do you do if you have a SUBJECT Property that is a vacant land and there are no vacant sales in the last 5 years. BUT….there have been sales of properties with older properties (not much VALUE CONTRIBUTION to the Improvements)

1) Can you do a DIRECT COMPARISON of Vacant Land sales for this Subject property?
2) What can you do with this information?

Answer 1

1) No

2) You can make comparisons with EXTRACTED LAND VALUES from the older home properties.