Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. Are You Cut Out to Be a Landlord? Owning rental properties is a huge responsibility. Decide on How to Proceed.

Investing 332

Investing Renovations Landlords Real Estate 332

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. Motivation will determine the price paid for your land.

Development 69

Development Sellers Legal Home Value 69

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. If something comes up that may impact delivery or information is missing, it is important for the lender and appraiser to inform the bank reviewer/credit analyst. Environmental Information.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

The Robert Weiler Company

OCTOBER 15, 2021

On the other hand, if you are purchasing the commercial property for leasing to tenants, you have two choices when it comes to running the show. You can choose to act as the landlord, handling the typical day-to-day responsibilities; or you can consider hiring a commercial property manager who will administrate those aspects for you.

Investing 138

Investing Real Estate Tenants Investors 138

The Robert Weiler Company

SEPTEMBER 7, 2022

However, the year-over-year rent prices still showed positive growth for retail (2.3%) and multifamily (8.8%), indicating landlords are not concerned about filling their commercial spaces for rent or lease. A land contract is a legal agreement used to purchase real estate through owner financing.

Marketing 78

Marketing Real Estate Investing Retail 78