Appraisers and brokers often are challenged with determining an appropriate value/price estimate for properties that are so unique that there are few if any other similar properties to compare them to. This approach is especially challenging when there are simply either no or few similar sales to analyze.
The ERC Unique Property Database is not intended to replace the appraiser’s or broker’s research and analysis but, rather, to supplement it—to act as a sanity check, especially in those instances in which the appraiser/broker had so little market information on which they could base their analysis of the market reaction to the unique feature.
Click Here to search by physical features, functional, locational, and/or historical anomalies. You can search on more than one category
The database includes case studies with the following:
- High-tension wires near or on the subject site
- an adjacent landfill causing odors
- a historical feature such as a home built by an "important architect"
The goal is to have as many quality case studies as possible in the system to aid relocation professionals in their jobs. Currently, data is being contributed on an ongoing basis by relocation management companies and appraisers.
If you have a property that would be a good addition to the Unique Property Database please submit your information here and the ERC will contact you with further instructions.
Special Thanks! to Danny Bordas - Senior Appraiser - http://www.smithrealtyadvisors.biz/ - Smith Realty Advisors