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What do I do if there are no comparables for my property?

The property is land located on San Francisco Bay. I have to provide comparables or proof of current market value for our daughters financial aid application. Please help.
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July 30 2009 - Richmond
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Answers (1)

How do you know there are no comparables?(did you ask a local realtor?) You could pay to have an appraisal done as this is the best proof available. If you're feeling contrarian you could insert your tax value(but that's not what they're asking for), I see no purpose of this question being asked of you as you could own a $100k house that you owe $60k on or a $300k that you owe $350k on. But then again you are basically asking for their money so I would go with the cma(realtor) or appraisal(appraiser). Best of luck to you.
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July 30 2009
 
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