Michael Esposito, MAI, SRPA, SRA, spoke with New York’s Newsday Oct. 24 about the pros and cons of owning or buying property next to cemeteries. He explained that appraisers look at “surrounding, external things that could affect the value of the property,” and cemeteries certainly are one of those things.
“There are homebuyers who could never be comfortable living close to a cemetery,” Esposito said. “Some have concerns that a cemetery could invite mischief or crime at night; others may be opposed to the location due to religious beliefs.” Esposito also noted that “there is the matter of resale value — even if you're not afraid, the next buyer might be.”
Featured in national media coverage this past week were Michael Hobbs, SRA, and Sandra K. Adomatis, SRA, Yahoo! News, Money and PRWeb; and Kay Van Hoesen, SRA, PRLog.
These stories are among the recent media coverage included in the “AI in the News” feature on the members-only section of the Appraisal Institute website.
Appraisal Institute members appearing recently in local media coverage include Pam Dubov, MAI, Central Florida News 13 (Orlando, Fla.), Bay News 9 (Tampa, Fla.); John R. Mako MAI, SRA, The Post-Standard (Syracuse, N.Y.); Sara W. Stephens, MAI, Sentinel-Tribune (Bowling Green, Ohio); Ron Stickelman, SRA, Yellow Springs (Ohio) News; and Marilyn M. Woods, SRA, Anderson (S.C.) Independent-Mail.
See the latest media coverage about the real estate valuation profession, the Appraisal Institute and its members. Media coverage at “AI in the News,” found on the member log-in page of the Appraisal Institute’s website, is updated daily and also includes the latest news releases from the Appraisal Institute.