valuing 99-year lease property

1 ANSWERS

1. amomipais82
   

   Hi There,
   You do complete the assignment on a 1004 and check the leasehold box for the property rights appraised.  Be careful about your comparable sale selection when completing the sales comparison approach.  Depending on the market area, you may need to use fee simple estates as comparable sales.  You will want to explain the difference in value that the typical buyer recongizes in your area, whether positive or negative

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