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Commerical or residential property, which has more value?
In selling a property that is zoned commercial, but has been used as residential, which type will provide a greater selling price? 3 bedroom outdated home on 1/2 acre, several outbuildings, surrounded by commercial type buildings, a few small houses in poor shape that are still being utilized as residential properties in Burton MI.
Asked By Jacqueline S. | Burton, MI | 514 views | Tips Advice | 3 years ago
Answer(1)
Derek Bauer
Real Estate One
The most prudent way to determine this is to have a highest and best use assessment completed. I would recommend engaging a top-performing agent and/or local, seasoned appraiser to aid you in that determination. It would be difficult to answer that question without having that input, even based on the summary you provided. Good luck! -Derek
- 3 years ago
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