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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

Cost of construction and materials. Most professional commercial real estate appraisers employ a mix of the following strategies: By cost : How much would it cost to build or significantly renovate the property? Independent and not contracted with any third party, institution, or broker. Floor plans. Neighborhood and location.

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. In some neighborhoods, older homes may be highly sought after, while in others, newer constructions may be more desirable. Over the past several years we have all seen drastic changes occur in the market.

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Eleven Types of Risk in Commercial Real Estate

Property Metrics

Changes in city growth or transportation patterns or reductions in public goods and services can all negatively impact the desirability and value of a particular property. Construction Risk. Any time a property undergoes construction, there is an additional source of risk to the property owner. Space Market Risk.

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%). In his estimate: “Homebuilding’s going to contract.”. There are now more people in the U.S.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. And, opening this year, Graystone.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. THE ROI OF HOME RENOVATION. Promote racial and income equity.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Among the 389 units, 16 are actively for sale, six are under contract and another 43 homes have sold so far in 2021. Who needs a car?!