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Appraisers, LLC - featured appraisal problem 1031 exchange value of building under construction

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Appraisers, LLC - featured appraisal problem 1031 exchange value of building under construction
Appraisers LLC We know the value of things
Phone 800-500-2790 or visit:
www.appraisersllc.com
and
www.businessvalues.info
This Weeks Featured Appraisal Problem/Solution








F
or business or for real estate, you need a professional appraisal at some of life's most important
moments. Refinancing, legal matters, squabbles with the IRS, buying, selling, insuring, estate issues, probate, or financing.
The appraiser you select had better be good, if they are to unlock the door for your needs. We have been successfully solving
appraisal problems since 1972 and our appraisers have the credentials you need and the proven abilities you require.
Routine or difficult appraisal problems, our experts are prepared to offer an opinion so well documented
that adversaries just waive the white flag. Routine or difficult appraisal problems, our experts are
prepared to offer an opinion so well documented that adversaries just waive the white flag.
Appraisal Problem
An attorney called with a
client who desperately
needed to place $1,000,000
in a 1031 Exchange. So, he
did a really creative thing.
He got his client to buy a a
new warehouse/office
building under construction
in which to place the $1M.
The appraiser needed to
determine the present value
of the warehouse in its
present state of
construction.




The appraiser needed to find out what he market value of the property would be when finished.
The appraiser then had to determine the exact state of the construction and what percentage of
completion that might be. The appraiser had to determine the time remaining to complete the
improvements. The report is completed and passed the IRS test.





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