Remove 2015 Remove Market Value Remove Renovations Remove Valuation
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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. built in 2000.

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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

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? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Sold by the Boston Archdiocese to Franklin Grove LLC for $3 million in 2015, one wonders if, despite the current vacancy, the building has increased in value. How do you determine the value of Our Lady of Mount Carmel Church? Research the specialty property appraisals of those sales and adjust to current dollar values.

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