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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. Defining the Appraisal Scope of Work. Value Scenarios. Prospective Values.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. The goal of this article is to help lenders, banks reviewers and appraisers.

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What Is a Reconciled Value?

Cleveland Appraisal Blog

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why. Appraisers are.

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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

However, agents and brokers should never try to influence the appraiser, said Peter Gallo, owner and chief appraiser of HomeSight Appraisal in Charlotte, N.C. Don’t tell the appraiser your client needs a certain value, for example. How Multiple Offers Factor Into the Appraisal Process.

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Let The Nurse Take Your Temperature

Town & Country Residential Appraisals

In the past, I have trained multiple Appraiser Trainees who are successful independent Certified Appraisers today. It is possible that this is most attributed to the fact that this is the part of the process that is most in view of the general public.

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How to Choose a Real Estate Appraiser

McCarthy Appraisal Blog

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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Reconsideration of Value and Appraisers

Appraisal Today

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?”