The Time Line below is from The Appraisal of Real Estate 14th edition: The 30 Months total is only illustrative, and not a prediction for any project. In New Hampshire, it is not unusual for the Permitting Phase alone to take 18-24 months. The financial agencies’ appraisal regulations define a “tract development” as a project […]

Appraisals for Subdivisions: Two Approaches

There are two basic ways to do a residential subdivision appraisal. 1.Compare it to sales of similar subdivisions. Good if you can get it, but seldom do you have data for this kind of analysis. 2.A market analysis that considers existing inventory of house lots and absorption rates going forward. These two examples are redacted […]