tag:blogger.com,1999:blog-11301043.post111172223262968702..comments2007-04-24T17:40:04.655-04:00Katzenfinchhttp://www.blogger.com/profile/01604202597693433822mfinch@katzenfinch.comBlogger3125tag:blogger.com,1999:blog-11301043.post-1112531158129138322005-04-03T07:25:00.000-05:002005-04-03T07:25:00.000-05:00Many "have confidence in the appraisal requrements for public land purchases". Generally this is because the "confident" person is honest himself and makes the common mistake of assuming that others are. Then there are those who advertise their confidence because they have found ways to profit from a corrupt system and themselves participate in raping the public...cincinnatushttp://www.blogger.com/profile/08020817697887255951noreply@blogger.comtag:blogger.com,1999:blog-11301043.post-1111756739421197272005-03-25T08:18:00.000-05:002005-03-25T08:18:00.000-05:00I have confidence in the appraisal requirements for public land purchases. It is my opinion that the property will not appraise as presently zoned for more than 75-80% of the offered price. If the two independent appraisers support a valuation that is higher than what is supported by the market data comps for similarly sized and zoned parcels they are at great risk of losing their professional licenses. I don't believe the school board has such leverage. But our next area of vigilence is to challenge the appraisers and their professional opinions of value. Neither the Buyer or the Seller know what the appraiser's results will be at this point. Rest assurred that any offer will allow the school to terminate their negotiations if the Seller is unable or unwilling to accept the average of two independent appraisals.Ross Rellerhttp://www.blogger.com/profile/00482848335823892486noreply@blogger.comtag:blogger.com,1999:blog-11301043.post-1111752748722154722005-03-25T07:12:00.000-05:002005-03-25T07:12:00.000-05:00The school board's continued stonewalling could suggest that they have something to hide. It has been suggested that the school district has offered the seller a purchase price that is higher than the market price. I am not in a position to determine whether that is true, or whether it is disinformation put forward by a rival buyer. If the school district has offered a price higher than the market price, it would explain why no one else has apparently outbid them for this residentially very desirable parcel. It would also suggest that a kickback scheme may be occurring. For those who are not familiar with such scams, they are an exceedingly common feature of the government school monopoly nationwide. School officials offer a seller higher than the market price, then get a kickback of part of the difference between the selling price and the market price. The seller profits more than he or she would otherwise, the school official(s) make some money, and, as usual, the taxpayers are victimized. These schemes are, of course, illegal, and if a higher-than-market price is being offered, the Marion County Prosecutor should be asked to investigate. Note that the current Prosecutor is a Republican, and thus less likely to be in the pocket of the government school monopoly than would a Democrat, who could at the very least expect increased campaign contributions in exchange for looking the other way.publiushttp://www.blogger.com/profile/10163921250649380330noreply@blogger.com