Getting a land appraisal is an essential part of due diligence when considering the purchase of undeveloped property. The appraiser’s report will eventually form the basis for property tax assessments, mortgages, estate settlement and any other financial concerns associated with the property.
The undeveloped land market has been gaining a lot of momentum recently and more and more people have been exploring investing in this area. There are so many things to consider when buying raw land, the parties involved need to consult subject matter experts to ensure a profitable transaction.
The usage of your lot will have little effect on the result of the land appraisal, whether it’s zoned as residential, business or agricultural. A skilled appraiser from Buckhead Appraisers will take this into account and use it to your advantage, marketing it in a manner that will entice customers looking for a lot of a similar kind.
That’s why it’s important to consult a trusted expert with direct knowledge of your market and years of experience handling raw land appraisals.
When assessing the land, a certified real estate appraiser combines the latest information on market values, comparable sales in the area and personal industry knowledge to compile a customized report detailing a subject property’s value.
Not only will Buckhead Appraisers help you determine the value of your land, this information will provide accurate data for property tax assessment purposes. If you are looking to secure financing to purchase the property, your verifiable, expert land appraisal report will remove any questions the bank has prior to lending.
The power of a precise land valuation can’t be overstated. It affects the buyer’s investment before, during and after the sale. Having a land appraisal completed will mitigate any problems and provide powerful leverage at the bargaining table. Whether you’re buying or selling, working with a professional from Buckhead Appraisers is worth the investment.