Think of it as a censis bureau survey.

ok I have this place that I'm looking at for my own personal home. it's REO and listed with an agent, they are asking 197k for it.its 3br/2ba, 1660 sq ft...theres confusion on that too I've seen an old mls from 2002 stating it was 1800sqft tax roll shows 1660 2br/1 baththe property is another issue, this broker says it 1.1 ac, the prop survey is showing 4.5ac, an old mls has it as 3.5 ac...so it really needs a survey to be sure. i know for sure it's much more than 1.1acanyway, its a modular home, either 1994 or 1999 depending on who you believe. it needs some repair, new air unit for sure (3k), new kitchen (3k)probably carpet, paint, mostly cosmetic. so i figured 15k for conservative figures. comps in the area are going for about 190-230k in full working order. it's tough to calculate ARV when the surrounding area varies from 80k to 1.5milso this is what i calculated.....195k and its an REO, so 30-40% off or 70% or arv = 136.5k - repairs (new heat/air 3k. carpet 2k , paint 1k , kitchen 3k, 9k not including what I havent seen) I figured bout 15k to be safe. which brings me to 136.5 (-15k) =121,500 fair value depending on the amount of property could be another 15-30k an acre depending on who it belongs to .

For each comparable sale, the appraisal must include the names of the buyer and seller, the deed book and page number, the date of sale and selling price, a property description, the amount and terms of mortgages, property surveys, the assessed value, the tax rate, and the assessor's appraised FMV.

I inherited 9.5 acres of land according to the legal description but after getting a survey it turned out to be 23 acres.

You don't even need to read the entire survey to determine that - it's in the executive summary in the first few paragraphs.

This is a rent survey, and is an essential step before you buy anything.

This data comes from surveys of the owners of hundreds of thousands of rental units throughout the United States. 2.

If so, remember you can't really afford to touch the cash and that means you need to cover your buy out of pocket.That's survey, attorney fee, etc. etc.

You're right, I don't have a survey, butWhen I worked as an Asset Manager for one of the largest players in the REO industry, I and my colleagues asked our agents to remove any reference to REO, Bank Owned or Foreclosure.

I guess I was hoping for a website or service similar to what I found when I used to live in Memphis.There was a small company that actually kept surveys & researched the rent amounts for different areas then sold that info to prospective landlords in the form of an "almanac".