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how do i find out the market value of a piece of land

  • June 16 2012 - East Memphis-Colonial-Yorkshire
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Answers (1)

There are a couple of good ways.. one is to hire a professional appraiser, the second is to ask a local Realtor for CMA (competitive market analysis)   The CMA is an opinioin by the Realtor of what a willing buyer would pay a willing seller for the property and is based on recent sales of similar property in the same area.  The CMA is usuallly provided by a local Realtor at no charge.  An appraisal is prepared by a professional appraiser.  It will be much more detailed and the cost will vary; each appraiser sets their own fee.

Gerald Williams

Affiliate Broker

Weichert Realtors -BenchmarkWeichert Realtors - Benchmark

901-413-2233

 

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  • June 16 2012
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