how to appraise the sale of a deed in trust

[doggiedoos]

What is the name of your state (only U.S. law)? WA
I am caring an owner contract for ten acres that the buyer built a new house on. I Sold it in 2008 = tax appraised at 40K, new tax appraised at 170K with the new home 2010.

If I want to sell my contract of 85K remaining, how much more could I expect to add to the value because of the home?

The interest is at 7% fixed for 15 years total.

Thank you for your time!

 

[FlyingRon]

I have no idea what you are talking about. If you're trying to sell the mortgage (or purchase for deed) the house doesn't "increase" it's value much (other than the fact that it potentially gives a bit more security in the case of a default). The value of the contract is a function of the remaining balance, the payment terms, and the risk and in fact is going to be whatever someone is willing to offer your for it.

 

[justalayman]

I'm trying to figure out how OP has a contract for $85k, remaining none the less, on a property that is appraised at $40k. I want in on some of that action. I could retire today if I could get people to pay over 200% for a property's value.

 

[HomeGuru]

What is the name of your state (only U.S. law)? WA
I am caring an owner contract for ten acres that the buyer built a new house on. I Sold it in 2008 = tax appraised at 40K, new tax appraised at 170K with the new home 2010.

If I want to sell my contract of 85K remaining, how much more could I expect to add to the value because of the home?

The interest is at 7% fixed for 15 years total.

Thank you for your time!

**A: a lot depends upon the owner contract terms and conditions. It is highly unlikely that if you sold land only, that you get the benefit of appreciation and value of the new house.

 

[LdiJ]

What is the name of your state (only U.S. law)? WA
I am caring an owner contract for ten acres that the buyer built a new house on. I Sold it in 2008 = tax appraised at 40K, new tax appraised at 170K with the new home 2010.

If I want to sell my contract of 85K remaining, how much more could I expect to add to the value because of the home?

The interest is at 7% fixed for 15 years total.

Thank you for your time!

You cannot sell the contract for more than what its worth. What it is worth is the remaining principal on the contract, at most. If the buyer purchased it for 40k, with a 15 year mortgage 10 years ago its not going to be worth more than about 10-15k now.