I am looking at a commercial piece of property for sale.
Spoke with a local appraiser to just get a general idea of property values.
Turns out, he had just appraised this property in the recent past.
How much could he share with me? If I paid him a fee, could he share most all of his findings from the previous appraisal with me? Or would this be crossing some ethical barrier?
It was paid for by someone else. It's not his appraisal, its theirs. He'd be giving you their property. However, anyone can hire an appraiser so likely he'd just dig out his findings, duplicate the appraisal, and charge you full price.
“In a time of deceit telling the truth is a revolutionary act.” ― George Orwell
It's not over when you lose. It's over when you quit.
It was paid for by someone else. It's not his appraisal, its theirs. He'd be giving you their property. However, anyone can hire an appraiser so likely he'd just dig out his findings, duplicate the appraisal, and charge you full price.
Pretty much sums it up.
Appraisal may be the same, or close depending on recent sales of comparable property in the area.
If the guy would sell you the previous appraisal under the circumstances you mentioned, I would not trust him anyway, and seek another certified appraiser.
It was paid for by someone else. It's not his appraisal, its theirs. He'd be giving you their property. However, anyone can hire an appraiser so likely he'd just dig out his findings, duplicate the appraisal, and charge you full price.
Pretty much sums it up.
Appraisal may be the same, or close depending on recent sales of comparable property in the area.
If the guy would sell you the previous appraisal under the circumstances you mentioned, I would not trust him anyway, and seek another certified appraiser.
If he did the appraisal with in a reasonable time <90 days, I don't see a problem. If he tries to sell you the same appraisal 6 months later, that is an issue.
NRA LIFE MEMBER GOD BLESS OUR TROOPS ESPECIALLY THE SNIPERS! "Suppose you were an idiot And suppose you were a member of Congress... But I repeat myself." -Mark Twain
What I should have asked if there was a reasonable and ethical way for him to do a brief "drive-by" appraisal? I wasn't asking, nor expecting the appraisal to be given to me.
But on that note, would it be acceptable for me to approach the guy that paid for the appraisal and offer to buy it from him? Appraisal was completed this past winter, I believe.
"My message to my troops is if you see anybody carrying a gun on the streets of Milwaukee, we'll put them on the ground, take the gun away and then decide whether you have a right to carry it." - Milwaukee Police Chief Ed Flynn
In some states the county tax appraiser and the market value can differ greatly. Florida is a good example. If the appraisal is more than 6 mos old you sure want it updated as much can change if your market is hot. Your county appraiser might have recent sales you can look up if you know about them. But unless you know a lot about commercial properties you might have trouble adjusting values. I would be suprised if he agrees to a drive by appraisal. If he takes a dime from you he is subjecting himself to liability for what he has done. If he is worth a crap even if he has already done one recently he will check for recent sales. If he is not worth a crap then his first appraisal may not be either. Consider that. Im not an appraiser but I have been a full time commercial broker in Florida since 1986. So believe me , i have seen some crap. Even got some on me.LOL.
Our county tax assessor showed up last fall for a look at our place. They hadn't been here since we built it in '95 and they didn't know about the added garage, shop, fencing, barn, orchard, etc. even though it was all done with the proper permits. Luckily, state law says they can't increase taxes more than 3% in a given period so the increase was minimal. I expect it'll catch up over time. A couple months later we had it appraised as we were thinking of selling. The appraisal is double the assessment. That's about normal here.
“In a time of deceit telling the truth is a revolutionary act.” ― George Orwell
It's not over when you lose. It's over when you quit.
All that really matters to the county is the relative values among properties, not necessarily the actual values. They will adjust the tax rate to get the desired revenues no matter how low or how high the appraised values are.
The biggest problem our country has is not systemic racism, it's systemic stupidity.
The county here does NOT adjust any rates, at least not the appraisal district.
But here in TX the appraisers must be held to a much higher standard than other areas.
Tax rates here have held basically flat for long periods of time as its not popular to raise the rates.... hence the valuation has to stay current for there to be any increase of tax income.
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
It sounds like Texas is a lot more stringent in its tax appraisals. Here in NC counties are required to update the values every 8 (?) years, but the revaluations are done en masse, so the accuracy for any one parcel may be off by quite a bit.
The biggest problem our country has is not systemic racism, it's systemic stupidity.
If this is commercial property for sale, then are you looking at it as an income property, or as a site for your own commercial activities?
Because the answer to that question changes the way (IMHO) you would think about the value of an appraisal. If it's the latter (you're going to use it, not rent it), then okey-doke, go ahead.
But if it's the former, though (you're looking at it for rental income), then I'd think you would calculate an offer price based on the anticipated cash-flow potential, kinda (not totally, but kinda) regardless of the appraisal.
They have been coming after us HARD for property taxes. Broke, mismanaged city = 20% increase in the last 2 years. I fought it, and it ended up being about a 12% increase. They'll be back at it next year I'm sure. I told them that I would sell my house today if I could get what they wanted to value it at. They just stared at me.
