Remove Article Remove Best Value Remove Legal Remove Market Value
article thumbnail

The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

The question is, how exactly is property value determined? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. The two main reasons behind obtaining a commercial real estate appraisal are buying and selling commercial property and legal governance.

article thumbnail

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

The Robert Weiler Company

Legally speaking, a special purpose property definition can be illustrated as any property that has limited use or marketability in addition to features intended for singular use. Their uniqueness makes determining appraisal value difficult, and there’s often a limited buyer pool interested in purchasing such buildings.

Appraisal 158