Value
Estimates
Typically these
will center on the question: "what would my property sell for?"
Here, experience
and familiarity with the market pays real dividends where the property
owner really does wish to know the facts. Knowledge of what other similar
properties have sold for is the foundation for most valuations. This
coupled with knowing what rents are typical for the area and this kind
of property, help INVESTwest's specialists to come up with a figure
supported by comparable properties in the market place.
Development bare
land, on the other hand, requires a feasibility analysis to arrive at
value. Simply stated: what would the finished product sell for, how
long would it take, what would development costs be, and what would
be required in the way of profit to compensate for risk? After consideration
of these, what can be paid for land is what is left over. This entire
exercise goes by many names: "feasibility analysis", "subdivision
analysis", or "development appraisal".
INVESTwest is called
upon to provide this kind of assistance perhaps more than any other
service.
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