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2020 Banking and Construction Lending Trends for Minnesota

Simonson Real Estate

This allows us to continue to deliver well-reasoned and credible appraisal reports. Our adaptive, hassle-free and convenient appraisal process will provide you with the confidence to make the right business decision for your needs, no matter what the market is doing. Do you have questions on these topics? Contact him today!

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Most lenders will request the fee simple interest be appraised. Contact him today!

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“No News is Good News” – It’s What We Strive For

Simonson Real Estate

It’s the outcome we strive for following the appraisal process. As an appraiser, it means we nailed that sweet spot and produced an accurate appraisal. In a bear market, appraisals tend to be scrutinized more closely (and rightfully so). “No news is good news” is more than just a saying. Contact him today!

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Appraisal in Changing Markets

Appraisal Today

The MBA data, loan application volume (see below) is the future of appraisal volume. Using recent September data, loan applications are below the levels in 2019 and still dropping. Loan applications went up this week but are still below 2019 levels. To read more of this long blog post with many topics, click Read More Below!!

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How to Identify a Single-Family with ADU vs. Two-Family Property

McKissock

The presence of an additional living unit may complicate the appraisal process by making it difficult to know how to classify the subject property. 3rd, “Appraising Accessory Dwelling Units Simplified.” Editor’s Note: This post was originally published on April 30, 2019 and updated on October 19, 2021.

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