Quick real estate appraisal technique

QUESTION: Sir John, how do I quickly determine the market value of a particular land?

ANSWER: (1) Go to the site and ask around the residents there who could tell the nearest lot recently sold, (2) Sketch a map on the location of the lot recently sold, (3) go to the Assessor's Office of the Municipality/City and request for print-out of that lot recently sold.

The Assessment Record of the property normally indicates the title number, the name of owner, and market value, which is referred to the most recent Deed of Sale.

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