I'll admit my ignorance on this one....I am doing a testimonial where the original appraiser uses the acronym MOL where ever he recommendations website size in acres, i.e. 0.23 AcresMOL. I don't find any kind of recommendation or details on this in any type of of the Harriboy or Appraisal Institute publications I have. Tright here is a term in mathematics.....Method of Lines....does that have anything to perform with it?MS


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Doesn't kvery own the dimension of the acreage/lot and also also damm lazy to go to the court house and also pull the information. Oh, forgive me, the AMC demands it currently and also I don't have the moment to carry out the necessary research called for, so I simply guess at it a little bit.Same as making use of +/-.Just how does the appraiser recognize just how much to change for if they don't know the dimension of the lot or acres. I simply finimelted up an appraisal wbelow the lot/acreage values for the comparables ranged from $1.27 sq.ft. up to $113.59 a sq.ft and also the topic was at $64.24 a sq.ft. all on the same lake. Can sure make a lot of distinction in you adjustments and also value.
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O.K., got it. I had simply assumed it would be something even more "technical" or an "officially" accepted term within the appraisal profession, stupid me. I still have difficulty knowledge why someone feels they have to +/- site sizes the county has in virtual public documents down to one/one-hundreths of an acre.Makes me think tbelow are times I might use/and reference the old "TeeLAR" strategy which was so famous once I remained in the armed forces...as in "That Looks About Right".MS
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The symbols +/- requirements to supplied for every site dimension, also if you obtain the site location from the registered land surveyor that surveyed the lot. A skilled, knowledgable, hocolony registered land surveyor will certainly have +/- in the legal description. Assessment personel, title providers, attorneys are not typically registered land surveyors, therefore their calculations may not be specific.


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Thanks Jo Ann.That's the way I was trained, although the explacountry as to why was not as in-depth as yours.It's likewise a method for the appraiser to CYA! Precisely imexact.