Isn't it great when you can sit back and make LOTS of money just by owning a measley commercial property? No renters. Just owning. Rocking back and forth in your rocking chair, making money.
According to the most recent Shelby County Reappraisal some commercial property owners saw their properties had gone up in value while EVERYONE else's all around them had gone DOWN!
How fortunate to be one of the chosen.
The reappraisal is supposed to evaluate the "market". Isn't it interesting how the "market" doesn't agree with the reappraisals?
Enough of the satire. Nobody is perfect and there is something you can do.
It is called an Informal Review. You can do it online. All you need is documentation on recent commercial sales in your immediate area.
Here is a link to the Shelby County Assessor for more information on the process.
Stay tuned...Monday we will be launching a new website to get you the Commercial Comparable Sales you need. www.memphiscomps.com This online tool will save you the $2,500 it will cost to get a full-blown, private appraisal.
Related links -
www.wreg.com
www.wmcstations.com
www.memphisdailynews.com
www.myeyewitnessnews.com
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