Appraiserblogs

NOVEMBER 3, 2023

Consumers are being mislead into believing that heavily funded real estate iBuying platforms… Major Threat to Real Estate Agents Appraisers, in case you are not aware, NINE law firms have begun the process to sue real estate agents and… Tenant in Distress. These situations apparently caused a severe depression to engulf the tenant.

Agents 113

Agents Real Estate Agent Tenants Real Estate 113

Simonson Real Estate

OCTOBER 23, 2020

As the impact of COVID continues to unfold and the real estate market grapples with rapidly changing information and market conditions – commercial appraisers have had to quickly adapt to a new way of gathering reliable and credible data to base their appraisal analysis from. Moderate credit tenants – 6.5% Class B – 5.5%

Appraisal 143

Appraisal Retail Tenants Real Estate 143

McKissock

JANUARY 14, 2022

For example: I had an assignment to appraise a 3,500 sq. The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. The AMC stated that the lender indicated the appraisal received a high risk score by Fannie Mae. The post is long.

Appraisal 71

Appraisal Design Contracts Inspection 71

Appraisal Today

AUGUST 5, 2022

VA Approves Desktops and Exterior-Only Appraisals. The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. “The Appraisal Assignment Waterfall.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

The Robert Weiler Company

SEPTEMBER 23, 2020

Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. And, since you’ve landed on this blog post, you’re likely entertaining the idea of hiring a property manager.

Property Management 142

Property Management Tenants Investing Legal 142

Appraisal Today

SEPTEMBER 23, 2022

Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. I remember the easy days of market condition adjustments 1% per month up or down, for example, to apply to all detached home appraisals. Are you doing VA appraisals? Appraisal Business Tips .

Appraisal 52

Appraisal Marketing Business Contracts 52

Appraisal Today

JUNE 3, 2022

Residential Appraisals and Airbnb Income? State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Julie does not include short-term rental income (STR) in her appraisals of homes with Airbnbs.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more of this long blog post with many topics, click Read More Below!! The wonderful world of rats, bats, and spiders.

Appraisal 52

Appraisal Contracts Sellers Business 52

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

The Robert Weiler Company

MARCH 29, 2023

Hiring the wrong property manager can result in missed rent, vacancies, poor maintenance, tenant dissatisfaction, and financial loss. A property manager is a liaison between the property owner and tenants, staff, or contractors. The objective of a property manager is to run the operation smoothly while maintaining tenant satisfaction.

Property Management 78

Property Management Tenants Real Estate Investors 78

The Robert Weiler Company

JANUARY 7, 2021

However, not every prospective tenant fits the type of tenant the landlord is looking for, such as business standing, financial situation, etc. Prior to executing an office space lease agreement, the landlord may put the prospective tenant through a financial verification process. Office space in our region is in demand.

Landlords 148

Landlords Tenants Real Estate Law 148

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . At Simonson Appraisals, our team works tirelessly to ensure those worries are needless. This allows us to continue to deliver well-reasoned and credible appraisal reports.

Lending 148

Lending Construction Tenants Real Estate 148

The Robert Weiler Company

APRIL 22, 2023

How flexible are your rights as a tenant? Hire a Commercial Tenant Broker to Find Office Space to Rent When you work with the commercial listing agent handling the office space for rent, they have the property owner’s best interests in mind. However, when you hire a commercial tenant broker, they have your best interest in mind.

Tenants 78

Tenants Real Estate Transportation Clients 78

Simonson Real Estate

JUNE 10, 2020

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. This is good for the buyer, the seller, the lender, and the appraiser. It is really good for the appraisal review department.

Real Estate 148

Real Estate Appraisal Clients Valuation 148

The Robert Weiler Company

OCTOBER 15, 2021

In addition to the prospect of skyrocketing property values, buying commercial property for sale gives you control of the property and allows you to dictate usage, rental agreements, and types of tenants. . Commercial real estate appraisers will tell you that cap rates do not signify value. Tip #4: Avoid fundamental mistakes.

Investing 138

Investing Real Estate Tenants Investors 138

The Robert Weiler Company

SEPTEMBER 20, 2020

If you manage an apartment complex, invite your tenants for an event that will foster and brighten your community. It’s critical to test your system, clean/replace filters, and ensure that your tenants will be comfortable in the summer heat. You are responsible for the safety of your tenants. Make an activity out of it!

Property Management 145

Property Management Tenants Inspection Contracts 145

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic.

Landlords 117

Landlords Tenants Buyers Development 117

Appraisal Today

MAY 24, 2024

8 Common Violations Made by Appraisers By Dan Bradley When it comes to appraisal non-compliance with USPAP, certain violations are, unfortunately, somewhat common… I have compiled this list based on many years of personal experience as a reviewer and a state regulator, as well as feedback I have received from other states’ enforcement agencies.

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

The Robert Weiler Company

MAY 18, 2022

commercial appraisal, commercial real estate agents, advertisements, and upkeep for curb appeal). Retail space for sale differs from other types of commercial real estate because owners are trying to either (1) attract customers, or (2) attract tenants that plan on attracting customers. CRE Property #2: Retail/Restaurant Storefront.

Real Estate 148

Real Estate Tenants Retail Investing 148

The Robert Weiler Company

JULY 7, 2022

As a result, losing a tenant for a month or longer will ultimately reduce your overall profit. You may want to consider your ideal tenant before purchasing a property. Consider whether your ideal tenants will sell the products or services that succeed in the rapidly changing economy. Don’t walk into this purchase blindly.

Real Estate 78

Real Estate Investing Tenants Retail 78

Appraisal Today

NOVEMBER 3, 2023

How do the USPAP revisions to the Nondiscrimination section affect appraisers? Appraisers were also always prohibited from performing assignments with bias. To read more, click here My comments: Be sure to read this blog post. They said this oversight hinders clarity on the effectiveness of the desktop appraisal program.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. What do short-term rentals mean for appraisers?

Appraisal 148

Appraisal Tenants Investors Business 148

The Robert Weiler Company

JANUARY 2, 2021

At its most basic level, a ground lease is not a sale of land, but rather a rental of land to a tenant that plans to build on the property. Why would a tenant opt for a ground lease? In most cases, tenants seek ground leases for land in high traffic or well-populated areas because often such land is cost prohibitive.

Contracts 143

Contracts Tenants Legal Sellers 143

Real Quantum

FEBRUARY 24, 2021

Why 2021 is a Good Time to Start an Appraisal Business and How to Do It. I nterested in starting a commercial real estate appraisal business this year? The Real Estate Industry and Appraisal Services. As all commercial appraisers know, commercial real estate took a massive hit from the effects of the pandemic.

Business 38

Business Appraisal Legal Real Estate 38

Cleveland Appraisal Blog

FEBRUARY 17, 2021

So, when might it be worth having an appraisal completed to contest your assessed value? . Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. POOR CONDITION. The assessor may not be aware of these repairs.

Appraisal 217

Appraisal Clients Inspection Market Value 217

DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. What do short-term rentals mean for appraisers?

Appraisal 78

Appraisal Tenants Investors Business 78

The Robert Weiler Company

DECEMBER 14, 2021

A restaurant and a bar tenant have already signed a commercial lease for the building. And through ongoing negotiations, another tenant is slated to occupy the remaining retail space for lease, though it hasn’t been finalized as of this update.

Development 78

Development Brokerage Retail Real Estate 78

The Robert Weiler Company

JANUARY 27, 2023

At The Robert Weiler Company, a full-service commercial real estate and appraisal firm with 85 years of community service, we understand deeply how much change has come to our Midwestern metropolis and that the rate of change continues to accelerate. To a certain extent, such a trend is already underway.

Real Estate 148

Real Estate Supply Chain Construction Development 148

The Robert Weiler Company

JUNE 17, 2022

Get a professional inspection and commercial appraisal of the apartment building before making a final decision. Obtain a commercial real estate appraisal of the property before buying. Even if your offer is too low, it will help you become more comfortable with the process. Do your own walk-through with the seller.

Property Management 147

Property Management Renovations Real Estate Investing 147

Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal. Are your legs shaking?

Appraisal 80

Appraisal Law Contracts Business 80

McKissock

JANUARY 3, 2023

Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties. How to begin when appraising small income properties. How to begin when appraising small income properties.

Appraisal 89

Appraisal Tenants Investors Investing 89

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. What is an Appraisal ? Defining the Appraisal Scope of Work. What Property Should be Appraised?

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

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. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Defining the Appraisal Scope of Work.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

DECEMBER 16, 2022

Excerpts: The Collateral Risk Network (CRN) met in Sarasota on December 6th to discuss a variety of issues ranging from appraisal turn times to Fannie Mae’s economic outlook for 2023. Appraisers were encouraged to provide convenience as one aspect of quality. It was “closed” to appraisers for a while but is open now.

Modernization 52

Modernization Appraisal Contracts Real Estate 52

Chicagoland Appraisal Blog

MARCH 21, 2022

In March, I had the pleasure to join Attorney Peter Olson to talk about family law, divorces and home appraisals. We share insights and learning from our careers on family law and home appraisals during divorces. John is an appraiser with ChicagoLand Appraisals. John is an appraiser with ChicagoLand Appraisals.

Appraisal 148

Appraisal Tenants Real Estate Property Taxes 148