BEST ANSWER
FIRST ANSWER
Julie,
The apprasial if it was done over a year ago is actually no longer any good. Your investor will most likely want an up to date appraisal. I deal in farms and horse properties. I also deal with Davie County and have buyers that are constanly looking at farms. If nothing else you need to have a buyers agent do a CMA comparative market analysis of the property. Generally one that deals with equestrian properties. I do know of some in the area you are referring. Not knowing your investor though it is hard to figure on how to present. If you have a good buyers agent though they can probably help you present this to your investor. I usually try to find out the "trigger points" for a client to know what to then focus in on. Some investors simply want to know about the ROI or their return on investment potential. At that point you might need help putting together a business plan. Of course depending on what your intended purpose for the property is will help determine on how to best approach your investor. If you are looking at establishing a riding school or a boarding facility then those are two different ways to approach.
If you like I would be glad to assist you in this if you do not already have an agent that you are dealing with.
Hope this helps,
Larry Story
Coldwell Banker Triad
Wed Sep 24 2008, 22:55