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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used?

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A property tax reckoning is coming

Housing Wire

Minority homeowners are paying more for public services relative to the market value of their homes, the researchers wrote, a dynamic the researchers demonstrated in all but a handful of states. In contrast, home appraisals are ordered up only when a house sells and is financed with a mortgage, or when an owner chooses to refinance.

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Yield on Cost: A Beginner’s Guide

Property Metrics

Then we’ll look at how to calculate the yield on cost for a value add project. Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. This is unlevered because it is calculated before taking into account any debt financing. Does this value-add project make sense?

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Inheriting A House? Here Are Your Options

Quicken Loans

Converting the home into a rental , for example, may seem like a great way to profit off the home without selling it, but managing landlord responsibilities is no simple feat – especially if you’ve never managed rental properties before. Consult a tax adviser to go over your options for determining fair market value.