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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Value Scenarios. What is Market Value As Is and When is it Used?

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

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. Clarify What Value or Values are Needed. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015). Prospective Values.

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Fee Simple Estate vs. Leased Fee Estate

Dart Appraisal

Based upon the definitions from the Dictionary of Real Estate Appraisal (below), anytime the subject is encumbered by a lease, including a partial lease, a short-term lease on a single-family residence, a ground lease, or a billboard lease, the leased fee property rights must be valued. Chicago: Appraisal Institute, 2015).

Tenants 67
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UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

OLYMPIA HOUSING UPDATE Despite a short session this year, lawmakers in Olympia were successful in passing 11 known pieces of legislation that serve to help home buyers and sellers as well as landlords and tenants. The result: Nearly one-third of all households are cost-burdened, the highest rate since 2015. >> in Q3 to 53.5%