Hawk Tuah
Well-known member
- Joined
- Apr 6, 2018
- Messages
- 1,600
Those are more about the liabilities from money lenders.I agree whole heartedly. But why do we have appraisals then?
Appraisals and land value are not the same thing at all.
Appraisal value is an estimate based on recent sales of similar properties in the area.
To say someone is offering more than the land is worth is just wrong. The land is worth what the highest offerer will pay.