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Savvy real estate agents look beyond ChatGPT

Housing Wire

AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.”

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The Hidden Value in Transitional Properties

Boston Appraisal

When a real estate appraiser is working for an owner/client, they will be able to help the owner to see the true developmental potential of their property to maximize a future sale price. Land that was multi-family could be changed to office/service or retail/commercial. Could the storage warehouse be converted into a retail store?

Legal 148
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The Hidden Value in Transitional Properties

Boston Appraisal

When a real estate appraiser is working for an owner/client, they will be able to help the owner to see the true developmental potential of their property to maximize a future sale price. Land that was multi-family could be changed to office/service or retail/commercial. Could the storage warehouse be converted into a retail store?

Legal 78
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Lenders Not Using AMCs for Appraisals

Appraisal Today

When I started fee appraising in 1986, my first client was a small local bank with a few nearby branches. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. How can market value be a function of price since price is not value?

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NAR Appraiser Survey July, 2023

Appraisal Today

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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Desktop Appraisals: Who, When, and Why

Appraisal Today

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.