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Thank you. I have reached out to many local real estate appraisers, and they all said they can't provide an appraisal due to the uniqueness of the home, as the land is owned by a corporation and it is only the parcel itself that is owned and the owner only owns 1/20th ownership in the land itself, and because the majority of those homes are owned by the same owners for years, there aren't any comparable sales to give a true appraisal. so our only choice was to obtain a CMA from a realtor, and use the sales price as the FMV.
‎September 5, 2023
10:28 AM