Remove Architecture Remove Construction Remove Contracts Remove Development
article thumbnail

Billionaires Row Continues to be Challenged

Miller Samuel

The slowdown is related to the oversupply of new development created from the vast amounts of capital looking for a home since the financial crisis. It's been no secret that super luxury Manhattan sales have been the hardest hit segment of the market since 2014. I was asked by the New York Post to provide a snapshot of this submarket.

Contracts 243
article thumbnail

Desktop Appraisals: Who, When, and Why

Appraisal Today

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. I was lucky to have never had to use new construction as a comp on an existing home.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Build or Buy: Consider What's Right for You

Eppraisal

You also have a say in every architectural choice, from the floor plans to the materials builders will use in construction. Generally, the process includes a preliminary phase — which involves signing contracts for the architectural design and site plans — and pre-construction, where the project gets approval.

article thumbnail

Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. One is: Settlement with loanDepot.com. built in 1825 Excerpts: 8 bedrooms, 5.5+

article thumbnail

Appraising Airbnb Properties

Appraisal Today

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

article thumbnail

How to select appraisal comps

Appraisal Today

Classically designed to show a high degree of architectural integrity and balance. For those who don’t know, I’ve been involved in appraisal form development, from scratch. Across the street from my office, an old marina property is being developed into housing. Do the right thing. That’s it. percent from 6.84

article thumbnail

USPAP Myths for Appraisers

Appraisal Today

Elimination of Bias and Developing Cultural Competency – with Real World Relevance Required for California Appraisers Fulfills BREA’s new appraiser CE requirement for elimination of bias and cultural competency. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.51 percent from 6.71