Simonson Real Estate

SEPTEMBER 16, 2021

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. What is a Standard Turn-around Time for a Commercial Appraisal? Providing an in-depth and accurate appraisal report can take many hours to complete. Navigating the Appraisal Process – What You Need to Know.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Understanding the commercial real estate appraisal process is crucial for anyone involved in the buying or selling of commercial properties.

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Appraisal Buzz

MAY 9, 2022

It is no secret that log homes do not appraise well. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring.

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McKissock

DECEMBER 10, 2021

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. ” Read the full forecast to learn about Redfin’s predictions regarding mortgage rates, supply and demand, new construction, home price growth, and more.

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Simonson Real Estate

JULY 10, 2020

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. Value Scenarios. What is Market Value As Is and When is it Used? Prospective Values.

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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Valuation for insurance claims. Estate settlements.

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Cleveland Appraisal Blog

SEPTEMBER 2, 2022

In the Reconciliation section, appraisers must: • reconcile the reasonableness and reliability of each applicable approach to value, • reconcile the reasonableness and validity of the indicated values, • reconcile the reasonableness of available data, and • select and report the approach or approaches that were given the most weight.

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AmeriMac

APRIL 30, 2023

From understanding what appraisals are, to prepare for one, we’ve covered everything you need to know. What is a Home Appraisal? A home appraisal is a professional valuation analysis of a property, which is usually conducted by a certified or licensed appraiser hired by the lender during the home purchase or refinancing process.

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Simonson Real Estate

DECEMBER 6, 2022

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. Lenders, what’s in it for you?

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The Robert Weiler Company

OCTOBER 21, 2022

To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. So, why do you need a commercial real estate appraisal?

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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Birmingham Appraisal

SEPTEMBER 15, 2022

Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. Steps in the Appraisal Process.

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AmeriMac

APRIL 15, 2023

In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals. We will also discuss the various factors that impact commercial real estate valuations.

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Dart Appraisal

APRIL 30, 2021

Proposed construction, and if so, is a Prospective Value scenario appropriate? . Will the appraiser possibly be required to testify in court? . All these questions are essential and need to be answered before a mutual agreement for an appraisal assignment can be reached. What is interest in the property to be valued? .

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D Fritz Appraisals

OCTOBER 22, 2019

Fritz Appraisals is one of Victoria’s longest standing appraisal firms, with more than 40 years of experience in all aspects of the real estate industry in Victoria, BC. Likewise, use things like online reviews to help you decide on which company will be best at meeting your home appraisal needs. Word of Mouth Recommendations.

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AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. What Are the Types of Commercial Appraisal Valuation Strategies?

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AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. What Are the Types of Commercial Appraisal Valuation Strategies?

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AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. What Are the Types of Commercial Appraisal Valuation Strategies?

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Appraisal Real Estate Appraisal Process Valuation 36

Cleveland Appraisal Blog

MARCH 4, 2021

We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. When we do adjust for physical age, there are several ways of supporting this type of adjustment.

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AmeriMac

JULY 25, 2022

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal? Cost Approach. Income Capitalization Approach.

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Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.

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PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals? or its subsidiaries.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Hub

FEBRUARY 15, 2024

Real estate appraisal, whether residential or commercial, is a critical component in the valuation of property assets. This process, often seen as more art than science due to its complexity, requires a deep understanding of the market, a keen eye for detail, and an analytical approach to gather and interpret data.

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The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. When Should You Start the DOD Appraisal Process?

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The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. Cost of construction and materials.

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Real Estate Appraisal Property Appraisal Valuation 147

Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? An appraisal is seeking value. Why Do You Need An Appraisal?

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McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 20 Ideas to Get Your Name Out There as an Appraiser. “I have a background in construction and have been a business owner in the construction industry.” ” “Became an appraiser at age 58.

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Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. This independent valuation helps divide assets and avoid disputes in the divorce proceedings.

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DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. InsideMaps – A tool that provides mapping, sketches, and tours of homes.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians.

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McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. These are expected to be significant and far-reaching.

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DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. InsideMaps – A tool that provides mapping, sketches, and tours of homes.

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Valuation Nation

OCTOBER 16, 2022

Wea re also excluding any new construction or lender owned homes. I will offer that my firm has seen an uptick recently in pre-foreclosure valuations, but they are still not of any volume that would impact the overall market for arms-length-sales. Appraisers: Use Your Tools. The Appraisal Institute 2022. [3]

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Boston Appraisal

JUNE 24, 2019

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. The Other Side of the Coin: The Appraisal Process Doesn’t Always Reflect the Contributed Value of Green Features.

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